Terry McClure, who is studying for an MA in Risk, Health and Public Policy, explains how some insurance companies are using computer modelling and information about people’s lifestyle choices found on the internet to evaluate health-related risks. This could largely affect whether some people are able to receive life insurance coverage in the future. This form of ‘predictive modelling’ could also disproportionately affect poor people who may be perceived as a riskier clientele and denied coverage.
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Further Reading
Insurers Test Data Profiles to Identify Risky Clients. Wall Street Journal
Life insurance: Life in the fast lane. The Actuary
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September 18, 2011 at 8:18 pm
Simoleon Sense » Blog Archive » Weekly Roundup 145: A Curated Linkfest For The Smartest People On The Web
[...] Insurers using computer modelling to identify ‘risky clients’ via social media – via Institute of Hazard Risk & Resilience- Terry McClure, who is studying for an MA in Risk, Health and Public Policy, explains how some insurance companies are using computer modelling and information about people’s lifestyle choices found on the internet to evaluate health-related risks. This could largely affect whether some people are able to receive life insurance coverage in the future. This form of ‘predictive modelling’ could also disproportionately affect poor people who may be perceived as a riskier clientele and denied coverage. [...]