New tech & big data: are they good for insurance? The Actuary, the official magazine of the Institute and Faculty of Actuaries

New technology and data sets are profoundly affecting the insurance industry, by allowing insurers to better assess the risks they are exposed to and interact with their consumers in new ways. They are also drawing new entrants into the market, with'Insurtech' startups entering the field, as well as established technology companies. What are the most promising of these new technologies, and how will they change the industry? Will established insurers be able to retain their dominance of the market? And how will consumers and insurers react to the potential new market dynamics?