Farooq Farid - Vice President – Strategy & Technical, Actuary, Oman Insurance Company
AI and data analytics has opened a new door in population health management where insurance providers can draw up individualised premiums based on genetic screening and gender, ethnic, or age groupings. Individualised premiums are already found in home and motor insurance, but are they applicable to healthcare insurance? Where do you mark the divide in invasion of privacy and accessible data? Should individuals who do not visit providers pay the same premiums as those that visit often? Do individualised premium cross a moral code and give way to prejudice?