Big Data and Insurance: Implications for Innovation, Competition and Privacy

March 1, 2018

Advances in big data analytics, artificial intelligence and the Internet of Things promise to fundamentally transform the insurance industry and the role data plays in insurance. New sources of digital data, for example in online media and the Internet of Things, reveal information about behaviors, habits, and lifestyles that allow us to assess individual risks much better than before. In many instances, better data makes it possible to better align premiums and risks and to reduce the overall cost of insurance. This has great economic and societal benefits in that it allows premiums to signal risks, reduces the cost of informational asymmetries in insurance markets, and enhances efficiency, thereby boosting insurance protection.

Spotlight

All Web Leads, Inc

All Web Leads (AWL) was founded in 2005 and is the nation's premier Customer Acquisition Marketing business focused on the insurance industry. Our team delivers tens of thousands of high-intent, qualified consumers to our customers every day. At the heart of AWL’s business is a proprietary Customer Acquisition Marketing (CAM) technology and services platform that allows us to attract, engage and qualify prospective consumers.

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The Evolving role of reinsurance in cyber risk for commercial insurers

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Spotlight

All Web Leads, Inc

All Web Leads (AWL) was founded in 2005 and is the nation's premier Customer Acquisition Marketing business focused on the insurance industry. Our team delivers tens of thousands of high-intent, qualified consumers to our customers every day. At the heart of AWL’s business is a proprietary Customer Acquisition Marketing (CAM) technology and services platform that allows us to attract, engage and qualify prospective consumers.

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