Data: you will find it difficult to thrive without it. But data management is an ocean of murky water. You may not be able to see clearly. And this aspect of the P&C insurance enterprise needs excellent thinkers and forward-looking associates.
Allow me to ask you three questions.
A) Is your data accurate? Have your organization's data associates run a test and see how many different ways the name of each state is recorded in your data.
B) Is your data available? How long does it take you to find out how many quotes your organization did for any product in any state last week? More importantly, How long does it take you to find out how many of the policies in your book of business will come up for renewal in the next 60 days (by product, by state)?
C) Is your data relevant? Have you heard the term "data driven decision"? If your data is not helping you make decisions, it may not be relevant.
If you find your organization wrestling with data issues, we may be able to help. Visit the contact page and reach out to us.
Allow me to ask you three questions.
A) Is your data accurate? Have your organization's data associates run a test and see how many different ways the name of each state is recorded in your data.
B) Is your data available? How long does it take you to find out how many quotes your organization did for any product in any state last week? More importantly, How long does it take you to find out how many of the policies in your book of business will come up for renewal in the next 60 days (by product, by state)?
C) Is your data relevant? Have you heard the term "data driven decision"? If your data is not helping you make decisions, it may not be relevant.
If you find your organization wrestling with data issues, we may be able to help. Visit the contact page and reach out to us.