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FMA Intelligence Team Nominated for Award for Insurance Investigation

The New Zealand Institute of Intelligence Professionals has details of a nomination for the FMA intelligence team for the work that they did on the investigation into replacement business activity in the insurance sector. Here is a segment of the nomination: 

"The team began a programme which resulted in the largest data collection exercise in its history.  Millions of data points were subjected to statistical analysis, including the ground-breaking use of the Cox proportional hazard regression model."

You can read more details at this link. Congratulations to the staff involved and the FMA. It is a worthwhile reminder that innovation can be brought to all fields, include regulation and monitoring. A data-based approach to regulation should be a big part of monitoring robo-advice, which could even be monitored in real-time. 


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