It may sound like an oversimplification to say that Data Mastery (DM) is the ability of an insurer to gain mastery of their data, so perhaps it would be better to say that DM is the ability of an insurer to gain business insight from raw data.  

Since the financial crisis began in 2007, insurers have significantly increased their focus on Business Intelligence (BI) and analytics efforts to help improve customer retention, targeted marketing, claims fraud, operations, finance, actuarial and underwriting.  Even as the economy has slowly improved, competition has driven insurers to work even harder at turning their data into a competitive advantage.

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