Why can’t we do better with Covid 19 and big data?
There must be enough data around Covid 19 mortality and transmission risk to give every individual an indication of the risk of death, risk of organ damage, risk of getting the disease, and risk of transmitting the virus on if you have it.
The insurance industry determines premiums based on individual circumstances. The premium charged is related to the likelihood (risk) of a claim which is calculated using ‘big data’ analysis. This type of approach could be applied to this – and future - diseases.