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Why data management is one of the insurance industry’s biggest risks

Published by Informatica

Data management is crucial in modern insurance.

The insurance industry heavily relies on data to enhance product development, risk assessment, pricing accuracy, and underwriting decisions. Despite advancements in big data analytics, AI, and automation, challenges persist due to the volume, variety, and complexity of data. Effective data management is essential for innovation, customer experience improvement, and regulatory compliance. Modernizing data management through cloud solutions and integrating disparate data sources can help insurers unlock greater business value and prepare for future transformations.

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Related Categories Financial Services, Insurance, Accounting, Big Data, ERP, Cloud

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