Farron Blanc of RGA talks about insurtech in the context of personal life cover. Clearly a massive topic that has received far too little attention in the open years of the #insurtech "revolution". Let's see how this is changing...
Have a read here, and then come along to the InsTech London Life & Health event in London on 30 October.
While the incorporation of alternative data into life insurance has not yet included geospatial information, data from consumer credit providers is starting to have an impact on the industry. Credit bureaus are empowering insurers to use proprietary data and models during underwriting to segment and stratify applicants. Credit-based insurance scores provide new and unique insights to policyholder credit-based behaviors, and they can greatly segment mortality and lapse.
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