Here is an interesting article by Chantal Marr at LSM Insurance on the use of big data in the life insurance industry. Marr discusses both the benefits and drawbacks for consumers as well as what we can expect to see in the future.
'Most industries have already caught the Big Data bug and life insurance is no exception. The key is to extract useful insights, which requires the careful planning and execution of advanced analytical techniques and technologies. However, insurance companies need to have the right people, proper systems and the best processes in place in order to be successful.' writes Marr.