Why is unified data so important in commercial insurance?

Transcript

We’re seeing an increased need for providing a single view of data. There are countless ways that an insurance company receives interactions from the insured or the consumer, so amalgamating that into a single view is critical in order to succeed in this market.

We’re certainly seeing a growth in MGA and program business which requires additional views of the data when it’s coming in from multiple sources in order to appropriately select risks and underwrite risks.

Fragmented data often comes in via an upload or an accounting posting, and that can be risky. It doesn’t allow for leaders to quickly respond to the shifting markets.