Insurance is a data-rich domain, and firms possess and continue to accumulate massive amounts of information resulting in value leakage if unable to locate, extract and analyze the right data at precisely the right time. Insurers must understand and analyze their data and be able to transform raw information into insights to create a competitive advantage.

This white paper examines data’s central role in the process of creating, managing, and servicing an insurance policy, the importance of getting the data right at the underwriting stage, how incomplete or bad data leads to value leakage, and why this is pivotal for carriers, who stand to gain from the lessons learned by early adopters of technology-based solutions.