Data is a Boardroom Issue

Colin Rickard sees Solvency II as a crucial opportunity for the European insurance industry to get its data management house in order:

“As a veteran of the data management industry, I have witnessed organizations across different sectors grapple with the challenge of ensuring high quality business data, but never before have I seen such a direct regulatory mandate for board level supervision of data. This is an opportunity, not a threat.

Data and IT professionals within insurance companies have been presented with the foundation for a business case to tackle the long-term data problems the industry has faced. Data is now a boardroom issue and that necessitates investment, KPIs and ongoing governance.”  Colin Rickard