Data Quality Matters: How Insurers are Benefiting from Optimal Processes and Accurate Analysis
Insurers that acquire data need to know how it was collected, that it was cleaned and verified and how it will fit into future developments.
Evaluations based on historical information should take into account not only when events took place, but when that information was available to those who could have utilized the information.
There is no substitute for actually examining raw data, which often yields surprises in how information is organized and described.
Insurers are acquiring lots of data, but not everyone is maximizing its use.
