InfoSphere Master Data Management

Solutions for Insurance

Business Drivers for Insurance

For general insurers, it seems that change is the only constant. Established property/casualty and life insurers want to become more customer centric, but struggle with legacy systems built around policies. Clients want more choices for conducting business online, and faster, safer access to policy and claims information. New market entrants are driving pricing pressure. The time for action is now. General insurers must leverage their information as a strategic asset in order to adapt and evolve to dynamic market conditions.

IBM InfoSphere MDM Solutions for Insurance

Learn how InfoSphere MDM helps make insurers smarter.

5 Ways MDM Makes Insurance Companies Smarter

Master data management helps make insurers smarter. MDM enables insurance companies to connect disparate pieces of customer information across policy lines, business channels and service locations. Armed with a complete picture of the customer relationship, insurance companies can:

  1. Reconcile a client’s policy holdings, to determine the best opportunities for cross-sell and upsell
  2. Provide consolidated account information to customers, enabling convenient self-service at lower costs
  3. Identify relationships among affiliated entities, to better manage risk hierarchies and understand customer profitability
  4. Enable agent networks to offer multi-policy discounts and improve customer retention
  5. Accelerate the introduction of new products, bundles and promotional offers for target market segments

The Results?

IBM InfoSphere Master Data Management helps insurers improve customer service and satisfaction, boost profitability, and increase strategic agility.

Case Studies

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Solutions for insurance

Creating a single view of the insurance customer with data integration and master data management

Master data governance

Strengthen your master data management program with trusted data and continuous data quality improvement

Master data management

Explore how MDM’s well-defined approach augments the value of big data by giving it structure and meaning.

IBM InfoSphere Identity Insight for Threat and Fraud Prevention

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