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More Than Half of Insurers are Expanding Their Master Data Management Initiatives in 2019, Says Novarica

As budgets shift away from core applications and toward digital engagement, insurers are increasingly prioritizing MDM to support predictive analytics and AI programs as well as data governance and regulatory compliance efforts. In a new report, MDM in Insurance: Expansion and Key Issues, research and advisory firm Novarica discusses the current state of master data management in insurance, including investment and expansion rates, best practices and benefits, and challenges.

"Achieving quality data made available at the appropriate level of detail in a timely fashion is the greatest challenge facing most insurers," said Eric Weisburg, Vice President of Research and Consulting, and co-author of Novarica's new report. "Possibly the biggest challenge is data ownership. Often, data is used by everyone but is not owned directly by anyone. The rise of the CDO is an effort to add some level of centralized control over data as an enterprise asset."

Please contact media@novarica.com or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.

 


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