UK watchdog to study 'Big Data' use by insurers

November 24, 2015 10:19 AM

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LONDON Nov 24 Britain's markets watchdog has begun looking at whether the use of "big data" boosts or restrains competition in insurance products.

Big data refers to the use of new or expanded data on consumers and the Financial Conduct Authority said it wanted to understand how this has developed in recent years and might change.

Also read: Deutsche Bank Gets a Much-Needed Boost Working for Big Tobacco

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