Regulating Big Data effects in the European insurance market
Abstract
The article analyzes the regulatory framework in the insurance market in connection with the advent of Big Data, such as information collected from different sources that can be manipulated by new technologies. The use of Big Data offers significant opportunities to the insurance companies in terms of digitization of the distribution channels and greater knowledge of the customers, which is instrumental to a more effective identification of the individual’s risk profile, as well as improvement of the competitiveness. However, regulatory measures are needed for a proper use of Big Data in terms of respect of the individual privacy, potential discrimination and constraint on competition.
Autore Pugliese
Tutti gli autori
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Porrini D.
Titolo volume/Rivista
INSURANCE MARKETS AND COMPANIES: ANALYSES AND ACTUARIAL COMPUTATIONS
Anno di pubblicazione
2017
ISSN
2078-2454
ISBN
Non Disponibile
Numero di citazioni Wos
Nessuna citazione
Ultimo Aggiornamento Citazioni
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Numero di citazioni Scopus
Non Disponibile
Ultimo Aggiornamento Citazioni
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Settori ERC
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Codici ASJC
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