Opportunities in data for brokers
Data can help brokers but they must use information in a way that pleases the FCA. Insurance expert Duncan Minty investigates.
Big data is set to revolutionise the insurance sector for brokers and insurers according to Duncan Minty, business ethics consultant and Chartered Insurance Practitioner.
In a paper, published by Insurance Age, Minty explains: "Big data will transform insurance, providing opportunities for innovative new products and services."
He continued: "And the regulator is seeing similar opportunities too, for identifying sources of consumer detriment. These are powerful transformations, with the
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