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