Maintaining correct, complete and up-to-date client data requires high manual effort. Key users lack technological support to detect fraudulent applications and prevent data protection violations.

 

Data challenges in the insurance industry include:

Master data management

Fraud prevention

GDPR compliance

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  • Sanction List Validation

    Keep Track of Government Sanctions Lists in Real-Time

    Protect your business from financial and reputational harm by proactively preventing business transactions with government-sanctioned entities.

    The political environment is constantly changing, and so are the government-issued sanction lists. Ensuring full, global trade compliance is hard and late discovery can result in supply chain disruptions or harsh penalties.

    Using the consolidated information of specialized providers, Data Quality Navigator regularly verifies your business partners and alerts you promptly regarding potential violations. It provides details on sanctioned products and services, timeframes, and issuing countries to simplify your decision-making.

    • Compliance with sanction regulations Compliance with sanction regulations
    • Avoidance of penalties and reputational damage Avoidance of penalties and reputational damage
    • Prevention of supply chain disruptions Prevention of supply chain disruptions

  • External Data Enrichment

    Save Time and Automate Data Enrichment for Advanced Analytics

    Enable automated digital processes and advanced analytics by enriching and reconciling your data to maximize its value and quality.

    Business partner master data is the basis for many downstream processes which require complete and consistent data. Maintaining it is a tedious and resource-intensive task.

    Using various interfaces to external data providers, Data Quality Navigator can automatically validate, enrich, and standardize your master data, e.g., address or bank information, to allow fully automated processes.

    • Solid data foundation for digital processes Solid data foundation for digital processes
    • Clean and consistent master data Clean and consistent master data
    • Reduced manual maintenance efforts Reduced manual maintenance efforts

  • CRM data optimization

    Optimize customer engagement with accurate and consistent CRM data

    Enable better customer service at every touchpoint, provide accurate customer analytics and improve the customer journey by automatically validating and enriching customer data.

    Bad customer data slows down your sales and marketing teams. If contact information is outdated or missing, managing the customer journey becomes close to impossible and market analysis efforts are compromised.

    Data Quality Navigator detects duplicates, misspellings, inconsistencies, formating issues, and enriches and validates your data using a portfolio of state-of-the-art data providers. Your customer data is corrected, updated, enriched and validated with minimal manual effort in your organization. 

    • Correct, up-to-date, harmonized customer master data Correct, up-to-date, harmonized customer master data
    • Easy integration of your preferred exteranl data provider Easy integration of your preferred exteranl data provider
    • Minimal client effort required Minimal client effort required

  • Sensitive Data Identification

    Trust Depends on Data Protection - Profit From It

    Prevent accidental compliance violations and financial and reputational harm caused by sharing confidential or unmasked personal data with unauthorized entities.

    In data-driven business processes, it is often unclear whether data is allowed to be shared. Unintentionally violating privacy and confidentiality policies is a concern.

    Data Quality Navigator's AI-based analytics algorithms identify confidential as well as personal information. If required, it is automatically masked to enable compliant data exchange.

    • GDPR compliance GDPR compliance
    • Prevention of legal and reputational risks Prevention of legal and reputational risks
    • Confidentiality protection Confidentiality protection

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