Life insurers deciding whether to use tracked Web dataPosted: 29 August 2011
Interesting. So apparently I missed that life insurers are looking at using tracked Web data (such as that collected by Acxiom) to evaluate whether or not to insure people. Of course Acxiom says that it “wouldn’t” share this info with insurers, but it makes more sense to me that they would follow the money instead, changing their rules if necessary.
Acxiom recently told investors it takes in three billion pieces of information daily as businesses seek to “monetize” information about their customers. Some retailers share information about purchases made by people, including item description, price and the person’s name.
Increasingly, information comes from people’s online behavior. Acxiom says it buys data from online publishers about what kinds of articles a subscriber reads—financial or sports, for example—and can find out if somebody’s a gourmet-food lover from their online purchases. Online marketers often tap data sources like these to target ads at Web users.