FCA probe on 'big data' use concerns Lime Street
The news that UK regulator the Financial Conduct Authority (FCA) is
planning to examine insurers' use of so-called "big
data" has left brokers feeling wary of even more regulation.
Last Tuesday (24 November), the watchdog said it was calling for
inputs from the general insurance market on how information from
sources such as loyalty cards, social media and aggregator sites
was being collated and used by their organisations.
The FCA normally uses "calls for inputs" as a first
step before...
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