Insurance premiums could rise after scientists teamed up with the insurance industry to create an algorithm which will predict when customers will die.
The University of East Anglia is launching a four year study using huge databases of medical data to determine life expectancy and long-term illness.
The four-year project is being funded by a £800,000 grant from the Institute and Faculty of Actuaries (IFoA) and is using experts from insurance giant Aviva.
“People around the world are living longer,” said lead researcher Prof Elena Kulinskaya from UEA’s School of Computing Sciences.
“We want to develop software tools that use Big Data routinely collected by healthcare providers to forecast longevity. (Read more from “Scientists and Insurers Develop ‘Death Clock’ to Predict When Customers Will Die” HERE)