Data Quality Matters: How Insurers are Benefiting from Optimal Processes and Accurate Analysis
Information that appears complete may not serve its purpose unless its grounded in accuracy and relevancy.
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.
Acquired data may come from original collection efforts, or it could simply be a third-party purchase. Being able to answer questions about the data is crucial.
