Insurance
Global Market Size: Up to $6 trillion
Embracing clean data practices enhances privacy compliance, and improves data quality that can lead to:
Revenue uplift of 8-15% by collecting explicit, consented policyholder information, improving risk assessment accuracy and lowering underwriting costs and claims fraud.
Profit margin improvement of 10-20% by personalized offerings and optimized claims handling achieve better pricing strategies, reduce loss ratios, and build higher-margin business segments. Transparent data practices also reduce regulatory and reputational risks, helping avoid fines and costly legal actions
Operational Efficiency Gains: Leveraging zero-party data in conjunction with AI and analytics optimizes marketing, underwriting, claims processing, and fraud detection workflows, resulting in faster service and lower administrative costs.
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