Accountability • 2 min read 11 principles for building ethics into your use of big data In last week’s post [https://www.ethicsandinsurance.info/2014/04/23/ethics-big-data-insurance/], I explained why insurance firms need to…
Accountability • 2 min read The ethics of big data – a critical window of opportunity for insurance firms Insurance has always relied on data. And with the mainstreaming now of revolutionary techniques for how data can be acquired,…
Accountability • 2 min read Please don’t talk about data misuse! …and other ambiguous terms. The language we use when talking about an ethical situation is important. Words can sometimes convey more than their simple…
Accountability • 3 min read The NHS treatment records – what can insurers learn from this event? News that the UK’s National Health Service [http://en.wikipedia.org/wiki/National_Health_Service] (NHS) released 47 million…
Counter Fraud • 2 min read Warnings from South Korea: the impact privacy can have on insurance Back in 2012, I singled out privacy as the number one ethical issue that will confront the insurance sector over…
Autonomy • 2 min read Insurance, data and a politician – a cautionary tale about privacy One of the privacy issues that the insurance sector will increasingly be confronted with over the next few years is…
Data Ethics • 3 min read Ethics and Underwriting – Part 4 – will client information be the next great challenge? Every underwriter relies on having good quality information about its clients in order to assess the risk they’re presenting.…
Data Ethics • 2 min read Why underwriters need to use predictive analytics with care Insurers have always used claims data to understand the future likelihood of this or that type of policyholder making this…
Data Ethics • 2 min read One vital rule for insurers to remember about predictive analytics A software firm estimates that one in ten insurance claims are fraudulent and that its models can point insurers towards…