Question

What data does insurance companies use?

I want to ask this question from Insurance subject

This question was addressed to me during an interview.

Other related questions to my question are:

What kind of data do insurance companies use?

How do insurance companies gather data?

What information do insurance companies have access to?

What data is important for insurance?

Answer 1

Correct answer is: - Prescription history.

- Motor vehicle records.

- Criminal records.

- Electronic health records.

- FCRA-compliant financial records.

- Professional licenses, such as a medical license.

The title of my answer can be How do life insurance companies use big data?

The heading of my answer is Once they collect data, insurance companies may use it to: Get better insight into consumer behavior .The data they collect may include:

My answer's reference is eFinancial