Digital Insurance Agenda

Dun & Bradstreet – Leading data and analytics for a Digital Insurance Industry

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Jun 13, 2022

Until recently the insurance industry has typically used internal data sets, within siloed legacy systems. In today’s digital and connected world, this is no longer sufficient. Dun & Bradstreet taps into this challenge by offering comprehensive business data and analytical insights through its Data Cloud, comprising more than 460 million company records. This provides data that give a single, 360 view of a business entity – which can be fed into existing workflow systems via API integration Dun & Bradstreet works with 1,300 insurers globally, helping them to master their data and analytics to power innovation, improve customer experience, reduce cost, and mitigate risk. The data offered is structured and provides the foundation to enable digital transformation and modernization in the insurance industry.

Dun & Bradstreet is the leading global provider of business decisioning data and analytics. For almost 200 years, Dun & Bradstreet has helped clients and partners grow and thrive through the power of data, analytics, and data-driven solutions.

The company takes a multi-faceted approach to creating, curating, and maintaining the Data Cloud. Not only does it source from tens of thousands of public sources, but it also has proprietary data that are only available through Dun & Bradstreet.

How does it work?

To meet the need of data-driven insurers and brokers, Dun & Bradstreet delivers data in packages called Data Blocks. This is a logical, topic-based grouping of data elements from the Dun & Bradstreet Data Cloud. Data Blocks empower insurance providers to easily enhance their data in a flexible and scalable manner. Insurers simply “stack” Data Blocks together to customize the data and insights they require.

Data Blocks are delivered within the systems and tools that insurers use today through D&B Direct, Dun & Bradstreet’s modern, scalable API. Whether it’s for quoting, underwriting, portfolio assessment, or analysis, Data Blocks provide the flexibility to deliver the exact data topics and levels insurers need when it is needed in their workflows.

With Data Blocks, insurance providers can experience data quality delivered consistently. In addition, Data Blocks quicken the time from delivery to value realization through simple, standard implementation and activation.

Why did we select Dun& Bradstreet for DIA Amsterdam 2022?

The insurance industry is starting to take data and analytics more seriously and is looking to drive value from its insight to its strategic objectives – whether that be in marketing, sales, quoting and underwriting, finance, procurement, compliance or technology – to drive growth, reduce cost and mitigate against risk. Dun & Bradstreet’s data can help with: Rising customer expectations that are putting pressure on insurers to deliver a more personalized service, market differentiation, optimizing and modernizing operating models to future proof against a rise in claims and client demands, drive efficiency and mitigate risk.

At DIA Amsterdam Dun & Bradstreet will be showcasing several solutions: Master Data Management, entity resolution, ESG rankings and shipping intelligence data. It will explain how its datameets specific pain points in the insurance industry and give insights into its comprehensive business database.

Who is Dun& Bradstreet?

Dun & Bradstreet are the leading global provider of business decisioning data and analytics.

Dun & Bradstreet holds information on over 460 million businesses and provides a high-resolution view of customers for insurers. It is constantly investing in additional capability for example, its ESG (Environmental, Social, and Governance) rankings provide ESG scores on 36.5 million private/public organisations.

For almost 200 years, Dun & Bradstreet has helped clients and partners grow and thrive through the power of data, analytics, and data-driven solutions. The Dun & Bradstreet Data Cloud offers the world’s most comprehensive business data and analytical insights to power today’s most crucial business needs. Our Data Cloud comprises over 485 million company records and is updated millions of times per day so clients can be sure they have the most accurate and up-to-date view of organisations.

Dun & Bradstreet’s key partners in the insurance industry feature Salesforce and Google to name a few.

Dun & Bradstreet trades on the New York Stock Exchange (NYSE). It is a global company, operating in 25 owned markets across the US, Europe, and Asia, and many more through our Worldwide Network partners. Nearly 90% of the Fortune 500™ and companies of every size around the world, rely on Dun & Bradstreet.

James Harrison – Head of Insurance

“Embracing true digital transformation can be challenging. Having the right data and analytics is critical to help insurers transform operations, power innovation, improve customer experience, reduce cost, and mitigate risk.”

Ed Thorne, General Manager – Europe

Visit their website: https://www.dnb.com/

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