How AI is cleaning up life insurance data fraud

The rise of 'regtech'

clock • 5 min read

A lot of UK life insurance prospective customer data is fake or at serious risk of being duplicated and sold on, writes data security expert Alain Desmier

If your data could talk, what would it say? I don't mean the boring stuff; HR administration and office away day risk waivers. I mean the sensitive customer data that you keep locked away in a CRM system. Would it praise you for the compliant way in which you handle data or with a wagging finger, would it point to a series of leaks and breaches? Many life insurances businesses are asking these questions right now, driven by the threat of GDPR fines, which are becoming increasingly commonplace and sizeable. Businesses that are looking at their own practices, are finding that a lot of t...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Technology

UnderwriteMe adds Vitality's income protection plan

UnderwriteMe adds Vitality's income protection plan

Joins Life and Serious Illness Cover on the platform

Jaskeet Briah
clock 10 April 2024 • 1 min read
SimplyBiz to add Defaqto's Engage solution

SimplyBiz to add Defaqto's Engage solution

“We will help firms give more advice, to more clients”

Jaskeet Briah
clock 20 March 2024 • 1 min read
Iress to sell UK mortgages business

Iress to sell UK mortgages business

Advancement in transformation strategy

Jaskeet Briah
clock 15 March 2024 • 1 min read