Top Tweets for #open_finance
datafication of insurer processes may fuel excessive data collection in the context of insurance contracts, generating a substantial risk of harm to consumers, especially in terms of discrimination, exclusion, and unaffordability of insurance
#open_finance https://t.co/d8o48xcmN4
Do we really wish to make the use of #social_media data for #insurance underwriting legal? 🙄
"insurance companies may find social media valuable (..) That could range from one person’s “liking” a cancer support group online (..)"
#open_finance https://t.co/iJUljAZDrS
"To protect EU citizens from mis-selling and #financial_exclusion, legally binding rules are needed rather than guidelines. In addition, important use cases of consumer data are missing from the “data use perimeter” proposals"
#open_finance
* https://t.co/Vnb2UD4UvX
"there’s a danger of consumers’ data being used to #personalise their risk profiles undermining the basic principle of #solidarity in insurance." 🥺
#open_finance
*
https://t.co/ZJRBgkQS56
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