Technology shows its transformative and disruptive
impact on virtually every economic field. The insurance market is
no exception and can no longer remain closely reliant on its
conventional operational tools. Data sets that are in large volumes
and that are hard to process using traditional data processing
methods ('Big Data') are frequently argued to have the
potential to replace these traditional tools by providing
efficacious equivalents.
As a reflection of the conventional operation,
Insurance Chapter of Turkish Commercial Code gives utmost
importance to questions posed by insurers and the answers provided
by the insured, in order to ascertain the foundation of an
insurance contract. Accordingly, written or verbal questions
directed to the prospective insured and the information given in
response are deemed to concern substantial issues which affect the
insurer's decision when providing coverage and calculating the
corresponding premium. A prospective insured's
