AM Best Explores Pros and Cons of Data-Driven Risk Management in May Issue of Best’s Review
“Insurers have a clearer picture of risk than ever before as they shift from outdated, static data sources to real-time, dynamic information,” said
Topics addressed include:
- Privacy and regulatory issues arising from collecting data through sources like black boxes in cars and smartphones (usually without the policyholder’s knowledge);
- The pros and cons of information collected from consumer and medical wearable devices; and
- The potential of programmatic underwriting practices to shift underwriting from an art to a science and the dangers of overreliance on these tools.
Full access to the complete content of the May issue of Best’s Review is available at www.bestreview.com.
AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best's Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit http://www.ambest.com for more information.
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Source: AM Best
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