Big data an opportunity not a threat: ABI

Insurers must either embrace big data as an integral part of their
business or face being overwhelmed and left behind by companies
more willing to use information, according to Huw Evans, director
general of UK trade body the Association of British Insurers (ABI).
Speaking at the Financial Times Future of Insurance
event today (28 June), Evans said carriers must "become
data-rich or find themselves drowning in it".
He predicted big data would be a boon to companies willing to
invest...