Case Study

How a Leading Insurer Leveraged Data Quality to Ensure Regulatory Compliance

How a Leading Insurer Leveraged Data Quality to Ensure Regulatory Compliance

Business challenge Mitigating Compliance Risk This insurer was undergoing a core system transformation as they migrated from a mainframe infrastructure to distributed systems, a process that presented both opportunities and challenges. The insurer had successfully established automated quality and financial reconciliation rules at strategic points across their mainframe, but the transition to distributed systems was raising red flags for potential compliance violations such as premium inaccuracies in the general ledger. These data quality and internal control issues stemmed from a lack of data governance and a reliance on manual controls within existing distributed systems, a process that was prone to errors and potentially concealed compliance issues. If these problems resulte

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