zotix
BANNED
- Oct 21, 2023
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True10 years from now? There's an extremely high chance they already do this. It's just not on an individual level because they don't know who is whom on forums.
Most companies do some sort of sentiment analysis. Insurance has always done it in a broad fashion, keeping an eye on things like zip codes where people drink more. It's the reason why your car insurance has different rates based on area, they know which areas result in more crashes and compensate for this with higher premiums.
Frankly what surprises me is that the tech insurance companies haven't caught on. Like the ones who insure phones, they could mandate you install an app in order to be covered. Said app would track location and adjust your rates based on the probability of you damaging the device. That they charge a fixed rate no matter location, person age, sex, etc. blows my damn mind.
When I consulted an Insurance company, they had 200 Rating Factors for Italy.
For Germany, did we have about 60 or something? At least the Italian Requirements were crazy high.
And what I posted was not a joke (maybe the ten-year thing was too far away), but there is a high probability that this could happen quickly in some countries.
In Europe, at least one Data Privacy Topic is very important, so it could take longer.
Nevertheless, at least in Germany, there is something called "Schufa," which is a scoring system that affects your entire liquidity/credit ranking in many areas of life.
To explain it, I have attached a little summary of ChatGPT (because you mentioned that zip codes where people drink more, are also affecting insurances - indeed)

Well, now imagine Insurance are getting Data from Apple because they want to know more about the Health status of their clients (Steps measured by phone, Activity measured by phone, movement in general - and the best of the best: Apple Watch)
I just recently discussed this with a friend.
Kind regards, zotix