standard Podcast: Insurers using computer modelling to identify ‘risky clients’

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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