Q&A on the use of big data in insurance

January 24, 2019

This Q&A document aims to respond to the most commonly asked questions about the use of big data in insurance. The document concludes with the insurance industry’s view on how policymakers and supervisors can support innovation in this area for the benefit of consumers and insurers. The importance of data in the insurance business model. Data has always been a key factor for European insurers. In fact, even long before the emergence of the big data phenomenon, insurers made use of data mining techniques, in compliance with the relevant regulatory frameworks.

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