Google Tanslate

Select Language

Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
Let us know how we can help. You can expect a response within 24 hours
Services of interest

Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit


Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.


Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Big Data and Insurance: Implications for Innovation, Competition and Privacy

Article Synopsis :

This paper looks at the impact of big data and the potential implications that the use of enhanced data that comes from insurtech may have on the market.

 The Digital Insurer reviews The Geneva Association’s Report on Big Data and Insurance: Implications for Innovation, Competition and Privacy

Use of big data will be scrutinised by consumers and regulators 

Of particular interest is the chapter looking at how society may view the use of enhanced data from the development of insurtech.

The paper suggests that consumers may not be the prime beneficiaries of the use of ‘big’ or enhanced data and raises concerns that might arise in society about the ethics of using data.

Privacy and data protection are one key concern, with the potential to develop a risk profile – or score – for an individual consumer.

This is clearly discriminatory in that it provides a better picture of risk for an individual, and prevents others unwittingly underwriting the cost of their premium.

The matter of risk profiling is a thorny subject, for while some may say it is unfair for an individual to be treated differently for a possible genetic predisposition towards a disease, it is surely unfair for other with lower risk profiles to have to fund that premium. It would also undermine the use of a premium as an indicator of risk.

There will be a need to balance the risk assessments with how different social groups are treated.

Privacy raises the right for an individual to have control of their data. Products that reward or penalise policyholders in order to influence behaviour – such as used in auto and some healthcare areas – may be considered as interfering. The paper suggests this may be tackled by giving individuals the rights to their data with the ability to sell it on. This will allow choice for the individual and create better quality information markets.

Of course, the better a risk is identified, the more unaffordable a disease will become. This has social implications if that disease or condition are associated with low income.

Premium subsidies would allow the poor to receive cover while maintaining differentiation, but they lead to distortions and inefficiencies in the market and have not been widely adopted to date.

There is also a concern about how a dominant technology could lead to a lack of competition in a market. This has happened in other areas of technology, where disruptive tech has been challenged by regulatory authorities on the basis of anti-trust legislation.

Google was fined €2.42 billion by the EU in 2017, while Apple, Microsoft and Uber have all come under regulatory scrutiny for a number of reasons.

Ultimately, a lack of choice could reduce market transparency and make it harder for consumers to compare products, reducing competition.

The paper offers a series of possible scenarios that might develop from the use – or perceived misuse – of big data.

Link to Full Article:: click here

Digital Insurer's Comments

There is a tension between what the data generated by  insurtech can tell the industry about its customers and concerns about invasive data capture and fears of ‘Big Brother’.

This needs to be managed by the insurance industry in partnership with regulators and consumers to ensure that all parties to identify what might constitute abuse and to mitigate that potential.

This sounds difficult, but should become a part of the customer journey, so that they understand what the technology can do, they are informed of how it can help them in their lives.

Link to Source:: click here


Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in