The Use of Alternative Data in Life and Health Risk Assessment – International Experience

Our presentation will weigh up the pros and cons of the use of alternative data in risk assessment with a specific focus on physical activity (e.g. steps, running, cycling) measured by METs (metabolic equivalents). To do that, consideration is given to the credibility of data, it’s predictive ability, as well as the level of anti-selection under each of the following scenarios:

– Replace traditional underwriting with METs

– Replace selected clinical info with METs

– Augment traditional underwriting with METs

– Using METs for dynamic underwriting (assessing and rewarding health activities)

We will cover real world examples of different opportunities currently in the global market and provide guidance and an analysis on how to better triage alternative data opportunities in the underwriting journey.

Practical outcomes:

1.An appreciation of the world of alternative data for risk assessment.

2.Gain an understanding of the key considerations in evaluating the use of alternative data in risk assessment.

3.Ability to spot opportunities and pitfalls.

4.A feel for real world examples.

5.An understanding of how to safely incorporate new alternative data in an underwriting journey.