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 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.
