Insurance companies are evolving to meet shifting consumer expectations, provide tailored products, and mitigate risks. They’re focusing on personalization, digital-first approaches, and regulatory compliance innovations to meet market expectations — all of which are critical to attract and retain customers.
Financial services companies have invested heavily over the past 20 years in attempts to achieve a single view of their customers. These legacy master data management (MDM) systems, based on probabilistic matching, have become cumbersome — offering limited accuracy and requiring manual data stewardship. To stay competitive and drive growth, modern financial services firms are realizing the need to transition to a new approach to creating a single, trusted, and accurate 360-view of their customers.
Large insurance companies successfully use Verato® at mission critical scale. Verato provides the leading identity data management platform designed to deliver best-in-class matching accuracy across identities. Verato enables financial services companies to delivery an incremental ROI, starting with Verato Auto-Steward® on top of an existing solutions, which streamlines data stewardship tasks, all the way to replacing an existing solution with the full Verato Universal Identity™ platform.
