Abstract
The amount of available information, and the statistical ability to find patterns in it fundamentally alter risk pooling. This threatens to alter the structure of the insurance industry, and potentially to destroy insurability, as we will see. While too much information destroys risk pooling and rating, too little information, or one party with far more information than the other, likewise can destroy the structure of the industry. The regulatory implications, not yet understood, will be profound.
Original language | English (US) |
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Title of host publication | Information Systems - Organizational Systems and Technology |
Publisher | IEEE Comp Soc |
Pages | 240-248 |
Number of pages | 9 |
Volume | 3 |
ISBN (Print) | 0818677430 |
DOIs | |
State | Published - 1997 |
Externally published | Yes |
Event | The 1997 30th Annual Hawaii International Conference on System Sciences, HICSS-30 - Wailea, HI, USA Duration: Jan 7 1997 → Jan 10 1997 |
Conference
Conference | The 1997 30th Annual Hawaii International Conference on System Sciences, HICSS-30 |
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City | Wailea, HI, USA |
Period | 1/7/97 → 1/10/97 |