With the proliferation of online channels, the convenience of users and the increasingly sophisticated methods of fraudsters, deploying a certain level of biometric technology will be a necessary competitive factor. As the insurance industry continues to expand its consumer services thanks to e-commerce and m-commerce, there is no doubt that new biometric applications will emerge. Considering risk-based insurance, it may seem to be a matter of time before many agree that biological safety is more than worth the investment. No matter insurance fraud, if insurance companies introduced new methods of identification as a biometric solution to identify advertisers, this would be the best weapon against fraud in insurance. To take a simple example, using facial recognition online or via a mobile device can cheat from databases, which can save the insurance industry millions of frauds and at the same time help reduce the cost of all policies.
