Statistical Processing Clause Samples
Statistical Processing. You recognize Perspecteev’s right to use the data for statistical purposes and, once the data has been anonymized, to transfer or assign the corresponding statistical results to any third party.
Statistical Processing. 2.1. We may process your data to:
2.1.1. Build, update, and refine statistical and mathematical models related to the pricing and administration of insurance products and the detection of fraud.
2.2. Our lawful basis for this processing is that we will have already collected and processed the data in relation to Purpose 1 (above). Article 5 of the GDPR states that, “further processing for archiving purposes in the public interest, scientific or historical research purposes or statistical purposes shall not be considered to be incompatible with the initial purposes”
2.3. The retention period for this data and its processing is indefinite, as we continually pursue further scientific research on statistical models for insurance.