Data enrichment is a ‘great opportunity’ for insurers to ‘sharpen their pencil’

Sharpened pencil

Moving past the pandemic, industry improvements will be data led, says analytics company

Data enrichment can provide “a great opportunity” for the insurance industry ahead of the FCA’s pricing reform deadlines as it can help brokers and insurers “add value” for end customers by paying “more attention to loyalty and renewals”, said Jeffrey Skelton, managing director of insurance, UK and Ireland at LexisNexis Risk Solutions.

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