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The risks posed by Interactive Insurance Policies

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Introduction

There is an emerging trend of insurance companies leveraging IoT devices or their own surveillance-based devices to harvest more data from our daily lives with the promise of a cost saving (amongst other rewards).  This is the typical ‘data for dollars’ business model trending at the moment whereby a product or service is free or discounted in exchange for user data.  Let’s have a look at some of the risks this can pose.

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