Insurance companies have been underwriting new policies based on a prescribed list of questionnaires. Most of these questionnaires were developed before the new age of digitisation and big data application. We are interested to explore new digital data to better understand our customers and their potential risk behaviour. These new data could be used to enrich existing underwriting data collected by the insurance companies and develop new underwriting intelligence.
Context of Challenge
We are scouting for partners with data or technology that would help us collect consent-based digital behavioural data from potential or existing customers. These data should ideally be personally identifiable and transparent such that insurance companies could establish relationship with the customers during the underwriting process for new policies. The customers should find value in exchange for these behavioural data with the insurance company and acknowledge that these data will be used for risk assessment.