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A Guide to the Value of Reliable Data in Insurance

Originally published mayo 6, 2010

How critical is reliable data to the insurance industry? Insurance companies must attract the right customers, price correctly, write the right business, decline high-risk business, mitigate risk and reserve correctly. They must also maintain positive cash flow, manage outstanding claims and get the best re-insurance deals – all the while minimizing operating expenses. If unreliable data is flowing through the organization, the impact on the core insurance operational and analytical processes can be catastrophic. This white paper from industry thought leader Mike Ferguson looks at the importance of reliable data to the insurance industry, focusing on the impact of poor data. He discusses how an enterprise data quality approach can help get you back control of your data.

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