Leading UK insurer

Developing a comprehensive data strategy for a leading UK insurer.

Credera worked with a leading UK composite insurer looking to accelerate the value from data across their business of life & pensions, wealth management, health insurance, and general insurance.

At a Glance

To achieve their significant growth aspirations, a leading UK insurer recognized that leveraging data and advanced analytics was a key enabler for expansion. Credera developed a data strategy and an approach for developing and managing data products as a service, resulting in improved data quality, data accessibility, and unlocking the potential for innovation through data. 

The Challenge

Organizational growth aspiration hampered by fragmented data architecture and operating model.

The insurer wanted to achieve significant growth and recognized the importance of utilizing data and advanced analytics to achieve this. However, their business was constrained by a fragmented data architecture and operating model. This led to issues with data quality and accessibility throughout their business operations.

The Solution

Group-wide data strategy and operating model.

To address these challenges, Credera formulated a comprehensive data strategy centered around a federated data architecture and a new operating model. We focused on establishing a clear approach for the development and management of data products as services. Additionally, we designed a future-oriented cloud architecture that was informed by well-established data product patterns and services.

The Results

An executive level-backed data strategy and roadmap.

Through our efforts, the insurer was able to gain support from high-level group executive stakeholders. We aided in creating a roadmap that outlined the necessary steps for the development of data products and the implementation of the new operating model. This strategy was carried out collaboratively across multiple lines of business and functions, laying the foundation for improved data utilization, enhanced data product development, and a more efficient overall operational model, positioning the client for successful growth.

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