Run for your life: the ethics of behavioral tracking in insurance
In recent years, insurance companies have begun tracking their customers’ behaviors and price premiums accordingly. Based on the Market-Failures Approach as well as the Justice-Failures Approach, I provide an ethical analysis of the use of tracking technologies in the insurance industry. I focus on...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2022
|
| In: |
Journal of business ethics
Year: 2022, Volume: 179, Issue: 3, Pages: 665-682 |
| Further subjects: | B
Fair play
B Insurance B Market failures B Aufsatz in Zeitschrift B Telematics B Fitness tracking B Justice failures |
| Online Access: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a2200000 4500 | ||
|---|---|---|---|
| 001 | 1814563326 | ||
| 003 | DE-627 | ||
| 005 | 20230710123212.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220817s2022 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-021-04863-8 |2 doi | |
| 035 | |a (DE-627)1814563326 | ||
| 035 | |a (DE-599)KXP1814563326 | ||
| 035 | |a (DE-He213)s10551-021-04863-8-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Steinberg, Etye |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Run for your life |b the ethics of behavioral tracking in insurance |c Etye Steinberg |
| 264 | 1 | |c 2022 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a In recent years, insurance companies have begun tracking their customers’ behaviors and price premiums accordingly. Based on the Market-Failures Approach as well as the Justice-Failures Approach, I provide an ethical analysis of the use of tracking technologies in the insurance industry. I focus on the use of telematics in car insurance and on the use of fitness tracking in life insurance. The use of tracking has some important benefits to policyholders and insurers alike: it reduces moral hazard and fraud, increases actuarial fairness, and incentivizes safe behavior. These benefits, however, are outweighed by significant moral objections. First, the use of tracking technologies significantly undermines the fairness of the interaction between insurance companies and policyholders. Specifically, the use of tracking eliminates information asymmetries, but in such a way that favors insurers exclusively. Furthermore, tracked behaviors and the ability to choose to behave safely are highly correlated with other variables such as income. Therefore, tracking-based insurance relies on and exacerbates existing inequalities and injustices, which undermines the benefits that tracking is supposed to introduce. | ||
| 650 | 4 | |a Fairness | |
| 650 | 4 | |a Fitness tracking | |
| 650 | 4 | |a Insurance | |
| 650 | 4 | |a Justice failures | |
| 650 | 4 | |a Market failures | |
| 650 | 4 | |a Telematics | |
| 655 | 4 | |0 (DE-206)49 |a Aufsatz in Zeitschrift |5 DE-206 | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 179(2022), 3 vom: Sept., Seite 665-682 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:179 |g year:2022 |g number:3 |g month:09 |g pages:665-682 |
| 856 | 4 | 0 | |u https://link.springer.com/content/pdf/10.1007/s10551-021-04863-8.pdf |x Verlag |z lizenzpflichtig |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-021-04863-8 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4180111322 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1814563326 | ||
| LOK | |0 005 20220817135523 | ||
| LOK | |0 008 220817||||||||||||||||ger||||||| | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 935 |a ixzs |a ixzo | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| STA | 0 | 0 | |a Fair play |
| STB | 0 | 0 | |a Équité,Fairplay,impartialité,Fairplay,impartialité |
| STC | 0 | 0 | |a Justicia,Fairness,Fairness |
| STD | 0 | 0 | |a Correttezza |
| STE | 0 | 0 | |a 公平,公正 |
| STF | 0 | 0 | |a 公平,公正 |
| STG | 0 | 0 | |a Justiça,Fairness,Fairness |
| STH | 0 | 0 | |a Справедливость |
| STI | 0 | 0 | |a Δικαιοσύνη,Fair play,Ευ αγωνίζεσθαι,Ίση μεταχείριση |
| SYE | 0 | 0 | |a Fair play |