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Data Ethics

With insurance becoming increasingly digital, data ethics has become the key lens through which issues and challenges are emerging. What makes it particularly important is how it is influencing insurance at both the policy and the market levels.
206 posts
Data Ethics
Are Insurers Ready for GDPR 2.0? public
Privacy • 6 min read

Are Insurers Ready for GDPR 2.0?

The GDPR may have felt pretty seismic when it came into force in 2018, but like many a step change in law, it contained compromises. All things digital have moved on a lot since then. As a result, the prospect of some form of GDPR 2.0 is on the horizon. So what are the implications for insurers?…
Duncan Minty
Duncan Minty •
A Lot of Life Insurers Are Navigating AI Blind public
Data Ethics • 4 min read

A Lot of Life Insurers Are Navigating AI Blind

A US regulatory organisation recently published a revealing survey about life insurers and their use of AI. For all the talk about responsible innovation, the reality in the life sector seems very different. Lack of accountability points to some serious problems ahead for life insurers.…
Duncan Minty
Duncan Minty •
Building Fairness Feedback Loops into AI Systems public
Fairness • 3 min read

Building Fairness Feedback Loops into AI Systems

We are hearing a lot about AI ethics at the moment. It’s important, but still only one aspect of the situation. Another aspect would be the use of AI to facilitate more ethical decisions. By this, I don’t mean on a system wide basis, but in micro decision scenarios. It’s an idea worth exploring.…
Duncan Minty
Duncan Minty •
A Significant Development on Bias in US Insurance public
Discrimination • 4 min read

A Significant Development on Bias in US Insurance

Many in the sector are focussing on the ethics of AI decision systems. It’s important but an equally immediate issue is insurers’ use of secondary data. A recent legislative move in the US illustrates this. There are deep currents at play here. I unpick the layers and look at the implications.…
Duncan Minty
Duncan Minty •
Hardening Attitudes to Insurance Lobbying public
Regulation • 3 min read

Hardening Attitudes to Insurance Lobbying

Insurers invest a lot of money in trade bodies. Their role is to formulate sector level policy and lobby policy makers on members’ interests. However that lobbying seems to be having less impact. Insurers’ no longer have the most convincing message. The implications of this are significant.…
Duncan Minty
Duncan Minty •
NAO report exposes the FCA’s Struggles with Data public
Regulation • 4 min read

NAO report exposes the FCA’s Struggles with Data

The FCA has been struggling with data risks associated with both the market and its own transformation. So reported the National Audit Office recently. This explains the FCA’s hot and cold approach to data issues. So what does this mean for UK insurers over the next 12 months?…
Duncan Minty
Duncan Minty •
Forced Transparency – the Challenge facing Insurers public
Data Ethics • 3 min read

Forced Transparency – the Challenge facing Insurers

2024 will see several challenges that the insurance sector is facing come to a head. Out of this will emerge a period of forced transparency, in which certain working practices are opened up to scrutiny. How insurers prepare for this is crucial for customers, investors and regulators.…
Duncan Minty
Duncan Minty •
Synthetic Data - 3 Things Insurers Need to Understand public
Data Ethics • 5 min read

Synthetic Data - 3 Things Insurers Need to Understand

The data that fuels a digital strategy can be incomplete, expensive or biased. One way to overcome this is through synthetic data. As margins from existing datasets narrow, more and more insurers will turn to it. So what sort of ethical questions are associated with it?…
Duncan Minty
Duncan Minty •
Data Ethics & Insurance : New Initiatives, Hard Decisions public
Data Ethics • 7 min read

Data Ethics & Insurance : New Initiatives, Hard Decisions

Several initiatives on data ethics will be launched in the UK insurance sector in 2024. That’s great, but those commitments need to reflect what consumers are concerned about. This means a lot of risk assessment and implementation work. So what are the hard decisions that will inevitably be faced?…
Duncan Minty
Duncan Minty •
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