IFAs agree 'more data is good' but FCA has 'expressed concerns' - SAMI

‘Need for transparency and compliance with Equality Act’

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IFAs agree 'more data is good' but FCA has 'expressed concerns' - SAMI

IFAs believe big data can be used to support accurate pricing, improve access to insurance and reduce non-disclosure

An independent report released looking at the use of electronic health records (EHRs) in the insurance industry has found that the majority of IFAs support the use of clients' health data to support accurate pricing, improve access to insurance and reduce non-disclosure. According to a survey carried out by iPipeline, as part of ‘Shaping the future of medical records and protection insurance', a report from the CII and SAMI Consulting, 71% of IFAs agreed that more health data was a good th...

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