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In addressing their Solvency II requirements, many insurers look at data quality as primarily a regulatory issue, especially in light of the explicit link between data quality and capital requirements. However, investing in data management can also help enhance decision making, since the availability of more detailed and accurate data can improve the company’s ability to understand its current “health” and identify the levers for managing essential activities and, ultimately, increase financial results.
As insurers seek ways to address their data quality, Accenture believes forward-thinking organizations have the opportunity to transform the data required for Solvency II into a reliable source of information for decision making and for unlocking real business value for the company.
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December 5, 2012
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