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While Data Governance and Quality have always been a part of the Solvency II agenda, indications from the regulator are that there will be a greater degree of focus in this area going forward. Advances in data analytics and modelling techniques highlight the need for insurers and re-insurers to treat data as one of their organisation’s most important assets.

Strong Data Governance and Quality processes are the key foundation, providing decision makers with the confidence to use their organisations data to support strategic decisions and ultimately drive value and positive customer outcomes.

KPMG has developed an approach to Data Governance and Quality for the Insurance Industry that will assist organisations build the foundations, bring value and insight to their organisation and fulfil regulatory requirements.

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