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BLOG: Digital stewardship in the insurance industry

Digital stewardship in the insurance industry


What is digital stewardship in the insurance sector? To answer this, let’s begin with the background on data usage in the insurance industry. This industry is a unique combination of two things: (1) massive amounts of data and (2) a highly regulated and controlled process to use and store data. So a simple answer is this: digital stewardship is the process of managing, controlling and securing data, as it is used and generated through the insurance value-chain, in a way that meets all security and regulatory requirements. In this series of three blogs, we’ll explore digital stewardship as it relates to both data and data regulations.