13 November 2016 - Big data should mean lower average insurance premiums, according to a new report by the Actuaries Institute. But it could also make some people uninsurable – and some previously uninsurable people insurable again.

For these changes to happen, insurance companies will want to know a whole lot more about you: what you eat; how much you exercise; what your driving habits are; even how your genes stack up.

The information will be fed into ever more powerful models to price insurance according to individual risk.

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