Analysis

The double-edged sword of data science

By Trevor Hemsley 2024-04-05T07:00:00

data science

Although data science has been a huge help to the insurance industry, it brings its own risks too and insurers must ‘understand the risks rather than go in blindly’, according to data science lead

Data science represents a double-edged sword.

Although it is supposed to minimise risk, data science also introduces new risks that have been growing at a faster rate than insurers’ understanding of the relevant governance and ethics.

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