02. The Roots of Contributory Databases

Contributory databases came into being as data enhancements, but they also fulfilled an important regulation-related service.
 

02. Why Insurers Participate in Contributory Databases

Better decision data, better pricing information and easier reporting are among the prime reasons.
 

03. A Range of Choices

Insurers are sharing their information to better fight fraud, understand technology and achieve scale.
 

04. Enhancing the Consumer Experience

Quicker answers, faster claims resolution and the ability to offer targeted solutions are among the elements that could be aided by participating in contributory databases.

 

05. Mature Databases Versus Newly Launched

Databases gain value with each new data element, but that doesn't mean participants have to wait to begin gaining analytical value.
 

06. Today's Uses for Contributory Databases, Tomorrow's Innovations

Today's contributory databases provide analysis and reporting. Tomorrow's databases will gain value with the incoming flood of data.

 

07. Regulatory and Consumer Protection Concerns

Contributory databases are powerful but must comply with regulatory frameworks and legal constraints.
 

08. Safeguarding Data Privacy

Insurers participating in contributory databases need to scrutinize their own data collection and retention practices.
 

09. Licensing and Regulation

Contributory databases are hosted by a variety of organizations, all of them private in nature. But they operate under the influence of regulatory, legal and governance constraints.
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