Given the rising spate of insider attacks and cybersecurity challenges, data quality in insurance companies in particular is more important than ever. However, improving data quality also presents a unique set of challenges.
Enter WinPure’s no-code data quality solution that can help you achieve data accuracy and compliance goals by streamlining data models and frictionless data retrieval processes. Deliver quicker risk assessments to policyholders as you deal with data that you’re confident about.
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With proprietary fuzzy matching and data standardisation routines, WinPure helps you purge multiple data entries as you deal with data entry errors, typos, and mismatched addresses. This is a crucial feature that ensures data integrity.
While data privacy legislations like GDPR necessitate the need for proper collection and disposal of customer data, WinPure helps you achieve consistent and accurate data records with its robust data matching and cleansing features.
No more manual data sourcing and wasted resources in data silos. Collect, merge, and match data entries from multiple points with robust data quality processes. Our deduplication feature uses proprietary algorithms to deliver quick results.
Entrenched institutional attitudes mean the pace of data digitisation in insurance companies moves slowly. But a no-code tool like WinPure helps to get your data current and secure with a minimal learning curve—enabling significant advantages.
Assured data quality in insurance companies is driving value
of insurance providers prioritize regulatory requirements for data quality initiatives
Source: CRO Forum
in auto insurance fraud prevented with proper data checks in place
Source: Insurance Information Institute
saved in bad medical data provider costs in US
Source: LexisNexis
The HDL Group of Companies is an audit and revenue management firm. They struggled with manual processes of data matching and needed an automated method that could help them improve lead match scoring. See how the company achieved all this and improved revenue by $1Million.
…. and much more!
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WinPure helps insurance companies maintain data quality, manage data efficiently, and make confident policy decisions. It also aids in streamlining data models and retrieval processes—elevating their data quality management efforts.
WinPure addresses several challenges in the insurance industry, including data quality issues, the use of antiquated systems, and the need for centralised data.
WinPure aids in consolidating information into one simple location, reorganising data into a compliance-ready format. This helps insurance companies avoid data clogging and human error.