Revolutionising legacy insurance purchasing with automated data cleansing models in the due diligence process
In the ever-evolving landscape of insurance, the acquisition of legacy insurance portfolios presents both opportunities and challenges. One of the critical aspects of this process is due diligence – involving a thorough examination of the target portfolio’s data. Traditionally, this has been a labour-intensive task, but with the advent of automated data cleansing models, is […]
The need for accurate data before adopting new systems and business processes
Big data . . . YES Adoption of cloud-based systems . . . YES The need for accurate data to make business decisions . . . YES We all recognise the need for good data, but where we all have vast amounts of data, how much of it is being used for decisions in your […]
Fixing data quality issues that are impacting reinsurance programmes
It’s a given that data quality is vital to help contribute to profitable underwriting profits for insurance and reinsurance programmes. However, this issue is becoming even more important with events that have transpired since the pandemic and with the insurance industry being required to raise premiums in 2023; all as high inflation has really started […]
Mergers and Acquisitions in The London Insurance Market
Organisations continue to tread carefully in the resurgence back to market by all in the finance sector; in particular the Insurance & Reinsurance Market around EC3. Merger and acquisition’s have been prevalent in the insurance and reinsurance markets for many years, but now is the time when the value of due diligence prior to a […]
Is your corrupt data contaminating your reinsurance programmes?
Managing IT systems and data migration With the recent ‘live’ market consolidations and within the ‘legacy’ environment, an appetite for portfolio purchasing on the increase. However, the provisions to manage the consequent IT system mergers and data migrations have come under increased scrutiny. These activities are forging ahead, due in part to the financial attraction […]