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.