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.
Data's value depends on its accuracy, its timeliness and whether it's complete.
Insurers are acquiring lots of data, but not everyone is maximizing its use.
Insurers have a host of internal and external resources to assess confidence in their data.
Seeking or using unnecessary information could become an impediment in attracting and acquiring customers.
