insurtech is looking to tackle this data and analysis issue head-on. Using inputs from all manners of devices, includinggeolocationtracking of cars to the activity trackers on our wrists, these companies are building more finely delineated
In practice, people are put into classes—say, over age 55 with no accidents or moving violations in the case of auto insurance. Some people are uninsurable—risks are too high. For example, one who repeatedly wrecks cars while driving drunk will not be able to purchase insurance. The gove...