Consistent
Clear
Cohesive
Weak data can take on many forms; it can be caused by:
» Not properly reporting your asset values
» Not properly assessing the business interruption value
» Manual errors and duplications in the data
» Failure to take into account the regulatory protocols that
govern the industry
» Asking irrelevant questions in the questionnaire
» Having incomplete questionnaires
» Wrong contacts and difficulty pulling in all relevant
personnel to complete questionnaires
» Lack of clear management signatory on submitted values
Even though these issues can all be difficult, there are
very simple things you can do to make sure your data is as
complete as it can be.
THE THREE Cs OF DATA:
DID YOU KNOW?
Underwriters typically receive
less than 50% of the data they
need to price an organization's
risk and exposure. This can
result in a higher premium.
VENTIV RENEWAL PROCESS – A ZEN GUIDE
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