With us, you're covered.
You’ll understand all the data in your organization. You’ll get the complete picture: how and why your organization obtains data, how it's used, who uses it, where it’s stored, how long it's stored, etc.
From adjusting policies to managing claims, insurance teams interact with personal data every day. Keeping that information safe and secure is vital. However, data privacy is about more than data—it’s also about people, processes, and technology.
With a clear understanding of your data (what it is, why it’s collected, where it’s stored, who has access to it, etc.), you can improve technology and refine policies and procedures. These will support your people, who can be trained to minimize, optimize, and protect the data used by your organization.
Mastering your data management has more benefits than just compliance. It keeps you agile and enables your teams to move faster. Not only that—it's as much about building and maintaining customer trust as it is avoiding penalties, since consumers are making buying decisions based on how businesses maintain and manage their personal data.
The importance of data privacy
of U.S. respondents say a company’s ability to keep their data private is “extremely important.“ 1
will not buy a product from a company if they don’t trust the company to protect their data. 2
of consumers indicated it is extremely important that companies quickly take proper actions to stop a data breach. 3
The average expected cost of non-compliance is $14.82M, 2.7 times more than the cost of compliance. 4