data | wealthymatters

The Dangers Of Predictive Analytics In Life And Health Insurance

June 13, 2019 Leave a comment

wealthymatters Currently the health and life insurance products we buy are static in the sense that right at the beginning of the policy term the insurance company makes an assessment of the morbidity or mortality risk of the person and then agrees to insure them at agreed-upon rates.

Now imagine a scenario of continuous health monitoring and a dynamic premium that reduces when people engage in what is deemed healthy behaviour. A scenario where the insurer provides various “incentives” like discounts on gym memberships , wearables like fitbit and preventive healthcare check-ups etc.

The first time I came across such an idea,2 lines of thought came to my mind simultaneously: Read more of this post

Filed under Paper Assets, Theory Tagged with BMI, corporate wellness program, data, dynamic premium, group insurance, group insurance premium, health insurance, Insurance, life insurance, morbidity, mortality risk, postaday, predictive analytics, privacy, universal accessibility to health insurance, wearables

The Aadhar Game

July 31, 2017 Leave a comment

Aadhar is a high-stakes game.

Data is a hot asset these days. And everyone , his uncle and his monkey wants to acquire or leverage other people’s data, any which way, preferably free and by using the coercive powers of the state, to build private fortunes and ensure that the whole world does their bidding, never mind how oh-so-not-in-their own self-interest it is for people to fall in line meekly .

The following is a presentation from one of the foremost proponents of Aadhar.An occasional good point here. An overriding sense of entitlement and belief that the author knows all and the best way forward and a frightening lack of empathy and disregard for what the rest of the world might feel or want.

My comments on this presentation follow below: