Professor Guillen will firstly discuss how risk is defined and measured
and will look at the concept of risk aversion and highlight how
insurance companies’ calculate the price of a policy based on risk
She will then move onto the impact of digital information, such as:
personalised ratemaking and GPS data analysis which allows the creation
of usage-based motor insurance and aim to convey that too much
information may challenge the limits of risk-sharing, which constitutes
the basis of insurance agreements.