Chapter 9

The Impact of Big Data on Insureds, Insurance Coverage, and Insurers

Ethan D. Lenz and Morgan J. Tilleman

9.1 Introduction

This chapter discusses the impact of Big Data on the insurance industry, both from the perspective of businesses that purchase commercial insurance coverage and from the perspective of insurers. The first part of this chapter focuses on several topics that will have an impact on purchasers of insurance, including

  • Risks posed by Big Data and the limitations of insurance coverage under traditional forms of insurance;
  • New insurance products that have been, or are currently being, developed to protect businesses against risks posed by Big Data; and
  • How these new insurance products work and how they may differ from ...

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