A data-driven UK: what does the new digital direction mean for insurance and long-term savings providers and their customers?

A reliable replacement cost estimate based on actual claims data can help you maintain insurance-to-value (ITV) in the competitive commercial lines marketplace. Discover how Verisk has combined data and analytics from ProMetrix to deliver up to a 75 percent hit rate in 360Value, giving you the power to substantially enhance the accuracy of your underwriting for more properties in your portfolio. Get the full picture for commercial property with Verisk’s trusted reconstruction cost estimates, now paired with even more robust data from ProMetrix. Understanding the full scope of your exposure can help you streamline underwriting and protect your customers.

The traditional B2B2C affinity and program business concept offered insurance products through non-insurance or non-financial organizations such as associations, non-profits, employer groups and more. However, today’s buyers do not necessarily associate with some of these traditional groups and will look to buy insurance through other groups such as Gig Economy groups, health and fitness organizations, large retailers, auto manufacturers and more – where the purchase is part of strong relationship or buying transaction they are doing.

There are significant changes ahead for the UK data landscape, its legal framework, and its regulatory regime. The UK Government has launched its National Data Strategy and made proposals for a new direction for data while the FCA is investing more than £120m over three years to become a data-led regulator. The CMA, the ICO and Ofcom are working together in the Digital Regulatory Cooperation Forum on their approach to digital and online services to support regulatory coordination.

Join this complimentary webcast to learn how you can duplicate Nationwide’s success, make crucial improvements for your organization’s future, and reap the benefits of replacing manual reconciliation with automated reconciliation.