Insurance
Health insurance
  • Problem: Data Security and Regulatory Compliance in Insurance:

    Insurance companies handling vast amounts of personally identifying information face significant risks if data isn't well-secured. With growing regulatory concerns, including GDPR and HIPAA, ensuring data security is paramount to avoid legal and reputational consequences.

  • Numentica's Solution: Comprehensive Data Governance Strategy:

    Numentica addresses these challenges by offering a comprehensive data governance strategy tailored for the insurance industry. Beyond security, our approach ensures data consistency, accuracy, and reliability. We work with clients to establish a data governance program, defining roles, documenting policies, and automating processes to enhance data governance maturity and effectiveness

  • Problem: Overwhelming Data Management and Regulatory Compliance Concerns:

    Creating a data governance plan in the insurance sector can be overwhelming, especially considering regulatory and auditing requirements. Ensuring a "single source of truth" for data becomes crucial for defining key performance indicators and confidently making business decisions.

  • Numentica's Tailored Data Management for Insurance:

    Numentica's expert team simplifies data governance for insurers. We review current practices, determine needs, and offer tailored solutions, covering strategy, master data management, profiling, cleansing, standardization, and security. Our approach ensures GDPR and HIPAA compliance, facilitating well-informed business decisions.

  • Problem: Maximizing ROI through Effective Data Governance:

    Insurance companies struggle to centralize, standardize, and protect data consistently across the organization, impacting the return on investment (ROI) for customers.

  • Numentica's Automated Data Governance:

    Numentica maximizes ROI for insurance organizations through centralized, standardized, and protected data. Our automated data movement and governance, including an integrated Master Data Management (MDM) solution, enhance services, identify opportunities, and ensure GDPR and HIPAA compliance.

Auto Insurance
  • Problem 1: Data Security and Privacy Concerns

    Insurance companies hold vast amounts of personally identifiable information, and inadequate data security puts individuals at risk. Regulatory compliance, such as GDPR and HIPAA, adds complexity to data protection.

    • Solution by Numentica:

      Numentica addresses these concerns by initiating a thorough review of the client's current data governance status. Their expert team crafts and implements data management strategies tailored to the client's needs, ensuring compliance with privacy regulations. Through data profiling, cleansing, and standardization, Numentica enhances data security and minimizes the risk of sensitive data exposure.

  • Problem 2: Growing Data Volumes and Siloed Information

    As insurance organizations handle increasing amounts of data, siloed information impedes effective enterprise-level use. Lack of a unified data source affects decision-making, key performance indicators (KPIs), and overall profitability.

    • Solution by Numentica:

      Numentica helps organizations establish a comprehensive data governance program. By defining roles, responsibilities, and creating documented policies and standards, they break down data silos. Through automation technologies, they enhance data governance maturity, providing a single source of truth for accurate decision-making and improved profitability.

  • Problem 3: Regulatory Compliance Challenges and Auditing Concerns

    Navigating regulatory compliance, such as GDPR and HIPAA, can be overwhelming. Ensuring that data practices align with these regulations is crucial for avoiding legal complications and maintaining customer trust.

    • Solution by Numentica:

      Numentica's team of data consultants assists in crafting a data governance strategy that ensures compliance with regulatory requirements. They provide guidance on data security, profiling, and standardization to meet specific regulations, offering a GDPR and HIPAA compliant infrastructure. This approach ensures that the client's data management practices align with regulatory standards.