I'm expecting social networks to be used 'voluntarily' for insurance soon. Likely the no social network quote will be higher, because it's higher risk because it's based on less information.
So you get a quote through their app, which uses your likes, your social network, and maybe some NLP on your posts to decide if you qualify for a lower quote.
Insurance people in the UK tell me this would be very useful, but probably isn't possible from a legal perspective, but there will be other countries where it is.
An effect of this would be to penalize people who don't use social networks.
So you get a quote through their app, which uses your likes, your social network, and maybe some NLP on your posts to decide if you qualify for a lower quote.
Insurance people in the UK tell me this would be very useful, but probably isn't possible from a legal perspective, but there will be other countries where it is.
An effect of this would be to penalize people who don't use social networks.