How many lawyers live near you? For insurance customers, it’s not a question of neighborly relations, but a potential factor in the price of their property policies or other coverage.
Insurers are getting nosier by asking customers to share access to their workout apps, put telematic devices on their cars or even reveal how many magazines they buy.
Companies aim to feed all this information into artificial intelligence systems to learn how personal habits affect the risk of life, liability or other insurance. They can then encourage healthier living, safer driving and the like, while adjusting prices accordingly.
Comment: Insurance watchdogs grapple with AI on neighbors, driving, reading
20 November 2018 7:29am