Biba blog: Big Data development

Biba 2015 is sure to invite much scrutiny into new developments in big data. The ‘holy grail’ of motor insurance, i.e. real time experience data and the control of driving behaviours to cherry pick the best risks, has yet to become as widespread as anticipated but there’s no doubt that it’s gathering pace.

The information is already there waiting for us and analysis is vital to harvest it in order to gain a competitive advantage and tailor our customer offering, the issue is regulation; at what point will customers regard behavioural tracking as more of an infringement than an asset?

Technical strides in the industry have transformed our ability to calculate behaviour and reliably assess potential threats, weeding out dishonest consumers via pre-quote risk assessment. The consequence is that this