Delivering on data will put insurers on a firm footing

The incoming directive demands insurers do more than just store data – they will have to ensure its quality and manage it effectively. By Katharine Wolstenholme

SIMPLY capturing and storing data is not enough. Like other corporate assets, data and information quality needs to be effectively managed. Data quality is vital not only for internal model approval but also as part of risk management and the overall decision-making process for Solvency II.