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Implementing Solvency II is an ambitious project for any insurer (and in the future perhaps pension fund), and throughout it has been clear that data quality will be key to success, both in the run up to January 2014 and beyond.
Many large insurers have already made huge investments in system platforms and data warehousing as a result of Solvency II, but many small to medium size firms are looking for data management solutions that supplement their existing business systems - both to ensure compliance with Solvency II, and also to deliver enduring business benefits from improved data quality management.
Whilst many aspects of data management are best managed in-house, legacy issues around data management often require a specialist approach, from a company with a proven track record helping insurance companies resolve their data issues.
Whatever stage an insurer is at with Solvency II, ITM’s eDAaRT methodology can be applied. At a base level this focuses on analysis and creation of a Data Management Policy, but building on this ITM can implement data management solutions using our eDAaRT data hub software.
ITM are a specialist data management firm with a delivery-focussed methodology, and unique data management software eDAaRT - tailored specifically for delivery of data management aspects of Solvency II. For more information on how we can help you please contact us directly.ITM have won many plaudits for helping companies and organisations including pension funds understand the weaknesses of their legacy data environment, and recommending targeted changes that will deliver real improvements, rather than taking a standard “Big 4”consulting approach.