Data governance

The term 'information management' might sound interchangeable with 'data management,' but it's not — information is one step closer to being usable. Information is 'organized data,' which means it's eminently more valuable to your company or organization than raw data from any analytics dashboard.

The American Association of Insurance Services will launch the openIDL to share data between carriers and regulators.

IT execs point to inconsistent data, incompatible technologies and organizational silos as major impediments.

Many organizations are challenged at how to best establish a successful governance strategy around their master data management efforts. It starts with the right individuals and attitude.

Those organizations that have been unable to build scalable systems need governance the most, and are the least able to achieve it, says William McKnight.

Insurers need to perform due diligence to determine which platform or platforms will best facilitate their strategic objectives.

How can one remain true to the concept while also bringing in the technical depth and the 'flexible coupling' that come from a separate team?

The insurer gets access to data from participating auto manufacturers, including Mitsubishi.

Traditional tools must be supported by techniques such as machine learning to increase the reach and productivity of these initiatives, says Protiviti

A guide to help carriers understand the rights and risks associated with big data efforts from law firm Mayer Brown.