If you thought #caredata couldn't possibly get any worse, you were wrong: …http://wishfulthinkinginmedicaleducation.blogspot.co.uk/2014/02/politicians-badly-briefed-about-data.html … HT @amcunningham
@atm0spheric @amcunningham @ianmsyme @mellojonny Doesn't need to be personal to extract profit from the broader group tho. That was my point
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@C7RKY@amcunningham@ianmsyme@mellojonny Then you say you want to be insured by the company doing the best for you - with the best data! -
@atm0spheric@amcunningham@ianmsyme@mellojonny It doesn't follow that best data = best deal. In fact, far from it. Helps avoid risk/payout -
@C7RKY@amcunningham@ianmsyme@mellojonny It's better if they all have the best data than if only those making big profits do. -
@atm0spheric@amcunningham@ianmsyme@mellojonny They combine claims experience/use actuaries to achieve that anyway. This is stacking deck. -
@C7RKY@amcunningham@ianmsyme@mellojonny It is important that customer also knows risk factors. -
@atm0spheric@amcunningham@ianmsyme@mellojonny It is, but in this case, only 1 player gets to assess risk - public just get told the price -
@C7RKY@amcunningham@ianmsyme@mellojonny Others would say if all insurers have best data then market will ensure price reflects risk. -
@atm0spheric@amcunningham@ianmsyme@mellojonny Market? Let's remember it's financial svcs regulation we're talking about. Track record? - 6 more replies
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@C7RKY@amcunningham@ianmsyme@mellojonny Would you rather be insured with a company that made gross profits or one that went bust?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@C7RKY@amcunningham@ianmsyme@mellojonny If the get the tools to do a better job they can. Not necessarily will. BUT ...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@C7RKY@amcunningham@ianmsyme@mellojonny Insurance companies do what they do. Nobody benefits if they get it wrong because of poor data.Thanks. Twitter will use this to make your timeline better. UndoUndo
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