I help Insurance & InsurTech businesses in London scale through tailored recruitment strategies | Data & Analytics Focus 📈 | Mental Health First Aider 🧠
𝐍𝐞𝐰 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐄𝐒𝐆 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬! 👇🌍 The recent announcement by the Lloyd's Market Association and the International Underwriting Association of London on the new insurance data standards is a game-changer for the insurance industry. This development underscores the critical role that data plays in the insurance world, influencing everything from risk assessment to claims management. With the adoption of these standardised data frameworks, the industry will be better equipped to ensure consistency, accuracy, and transparency in the data shared across the market. 🎯 However, this also heightens the necessity for robust governance and process frameworks. Insurers need to prioritise strong data governance to maintain compliance, safeguard data integrity, and ensure that the full potential of these standards is realised. By reinforcing these frameworks, they can leverage these new standards to drive efficiency, improve decision-making, and ultimately deliver better outcomes for clients and customers. 📈 This step forward is not just about standardisation; it's about elevating the entire industry's approach to data management and governance. Do you think this is a step in the right direction? ✔️ Or is standardisation counterproductive? ❌ #ESG #DataAnalytics #LondonMarket
