Despite advances in technology, the insurance industry still struggles with the sheer volume and complexity of data. Simple changes and the use of new software can help organisations understand their business and meet regulatory requirements, says Richard Brown, director at VIPR.
The insurance industry is not the only business to struggle with understanding its data. But the sheer volume of information hitting insurers’ desktops on a daily basis means it cannot ignore the importance of acting now to embrace the latest technology in order to get to grips with the issue.
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