Insurance companies are members of a genuinely data-driven industry and show a keen interest in many applications of Big Data analytics and Artificial Intelligence such as telematics in car insurance, fraud detection capabilities, or quantified-self applications for health and life insurances. Those technical developments have triggered a transformation of the insurance industry, as digitization takes place along the whole value chain of insurance, from product development to its distribution. Large amounts of data to assess, select, price, predict and prevent risks are key in this development.
At the same time, the insurance industry also operates in a highly regulated environment with increasing legislative demands such as the General Data Protection Regulation in the European Union. Furthermore, beyond these legal requirements, ethical questions emerged in the debate that have the potential to damage the reputation of insurance companies if left unattended.
The project “Between Solidarity and Personalization – Dealing with Ethical and Legal Big Data Challenges in the Insurance Industry” has analyzed ethical and legal issues of Big Data in insurance for more than two years. The results of these investigations that will include recommendations for an ethical use of Big Data in insurance will be presented on Monday, September 16 in Zurich. The project is part of the National Research Programme 75 “Big Data”.
Date and Time: Monday, September 16, 09:30 – 17:30
Location: University of Zurich, RAA-G-01 Aula
The presentations will be in English.
- Center for Responsibility in Finance, Universität Zürich
- Digital Society Initiative, Universität Zürich
- Institut für biomedizinische Ethik und Medizingeschichte, Universität Zürich
- Lehrstuhls für Informations- und Kommunikationsrecht, Universität Zürich
- Schweizerisches Institut für Entrepreneurship, HTW Chur
- Schweizerisches Institut für Informationswissenschaft, HTW Chur
- Swiss Re
Participation is free (including breaks and lunch), registration (with exception of public talk, see program) is requested via email@example.com
- Representatives from the insurance industry and related industries
- Representatives from regulatory bodies (data protection etc.)
- Academics working in data ethics, data protection and related domains
- Politicians and journalists