A new report from Celent highlights the use of industry data standards as a prominent best practice. According to Celent Model Insurer Asia 2012: “Model Insurers understand that they need to think beyond successful point solutions and create lasting systems that work within a larger infrastructure.
Using data standards means that an insurer avoids reinventing the wheel and instead manages risk by working with accepted, well-tested and well-defined models.” Model insurers should work with models – neat.
Crafting the Perfect Insurer
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