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At a purely theoretical level, you'd be hard pressed to find people in the insurance industry opposed to data standards. The values are clear: lower transaction cost, better data quality and greater ease of doing business.

Yet, standards remain far from universal acceptance, and some still make compelling arguments against their deployment. The most common, not surprisingly, come down to time and money, but there are other reasons as well. So, what does the future hold for industry data standards?

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