As data ethics continues to garner increased attention in the (re)insurance industry, it is critical for organizations to have a strategic and measured approach to data utilization.
In this video, RGA’s Jordan Durlester, Vice President of Data Strategy, Global Data Analytics, explores three fundamental steps to implementing an ethical framework for data and analytics:
Building an ethical framework that establishes the organization’s fundamental guiding principles
Developing structures required to ensure that the ethical framework is successfully implemented throughout the organization
See also: The Case for a Data Analytics Ethics Framework in Insurance
In 2021, RGA launched its Data and Analytics Ethical Framework, a set of enterprise-wide guiding principles for data and analytics utilization. The principles are revisited, amended, and updated as the industry, regulatory, and ethical landscape dictates.
The (re)insurance industry plays an important role in curbing the potential for harm in data utilization, and RGA proudly supports industry players in efforts to promote ethical data practices. To find out more about measures (re)insurers can take to ensure the responsible use of customer data, read the “Responsible Use of Data in the Digital Age” report by The Geneva Association.
At RGA, we are eager to engage with clients to better understand and tackle the industry’s most pressing challenges together. Contact us to discuss and learn more about the RGA capabilities, resources, and solutions.