Big Data under the spotlight: FCA seeks views on the role of Big Data in retail general insurance
3 December 2015
Mayer Brown Legal Update
On 24 November 2015, the Financial Conduct Authority (the FCA) published a Call for Inputs, seeking views and information from insurance firms and consumers on the role of Big Data in the retail general insurance sector. The FCA is looking to understand how Big Data is used in relation to retail insurance products – in particular, private motor insurance and home contents insurance. Interested parties have until 8 January 2016 to make representations to the FCA.