Q&A on the use of big data in insurance

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. 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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