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