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#301 Learnings From 25+ Years in Data Quality - Interview w/ Olga Maydanchik

Data Mesh Radio

NOTE

The Impact of Data Quality on Insurance Company Portfolios

Data quality is crucial for insurance companies like AIG, where the accuracy of building characteristics can significantly influence the amount of money set aside for potential claims. Inaccurate or missing data may lead to worst-case scenario assumptions and the need to set aside more funds than necessary, affecting the financial performance of the company. Establishing a data quality index and ensuring accuracy in the data can reduce the amount of money set aside, optimizing financial resources and investment opportunities. By improving data quality, companies can better assess risks, make more informed decisions, and enhance the overall financial health of their portfolios.

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