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.
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.
Information that appears complete may not serve its purpose unless its grounded in accuracy and relevancy.
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.
