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U.K.: London insurers should share big data or fall behind, says report

June 26, 2014 - 6:05am

Xchanging P.L.C.'s insurance software unit Xuber has said in a report that London insurers must share big data or face difficulties in competing on a global scale, reports CBR Online.

Xuber's head of business development and specialist commercial, Richard Clark, said the London market has "so far failed to collaborate in its attempts to leverage data." The report said more steps to collect anonymized data should be taken to ensure that the London market has a competitive edge, CBR Online reported.

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