Building an interactive insurance platform with Semarchy Data Platform
Who they are
The American Association of Insurance Services (AAIS), the only national not-for-profit advisory organization for the Property & Casualty insurance industry, transformed its data management approach to support its interactive insurance product development and delivery platform. By implementing Semarchy Data Platform, AAIS streamlined governance processes, automated data workflows, and empowered teams with faster, more accurate insights.
Driving carrier success by overcoming data silos and inefficiencies
As a leader in delivering advisory solutions to small and medium-sized carriers, AAIS faced challenges managing its data processes. Key issues included:
Fragmented data across platforms
Carriers stored data in diverse formats and structures, creating significant barriers to harmonization and usability.
Manual data engineering
Data workflows relied heavily on manual operations, consuming time and resources from critical teams such as actuarial and product development.
Compliance and auditability gaps
The lack of standardized governance and traceable workflows made adhering to regulatory standards a challenge.
Limited flexibility for business users
Non-technical users struggled with rigid systems that did not support self-service data access or dynamic adjustments to evolving business needs.
Implementing a streamlined, unified data management system
AAIS partnered with Semarchy to design a unified data experience to address these challenges. The approach focused on:
- Harmonizing diverse data sources: Semarchy’s MDM platform aggregated and reconciled data from varied formats and structures, creating a consistent, centralized data lake.
- Automating data workflows: ETL operations driven by governed processes reduced manual workloads and verified high-quality outputs for product delivery.
- Enabling self-service capabilities: An intuitive and flexible user interface empowered non-technical users to access and manage data independently, reducing reliance on technical teams.
- Strengthening compliance and auditability: AAIS could meet regulatory requirements while maintaining rigorous quality assurance (QA) standards with comprehensive governance tools and traceable workflows.
Achieving Operational Excellence and Innovation
Semarchy Data Platform delivered measurable improvements, enabling AAIS to streamline operations and enhance its product development process:
- Reduction in manual data work: Automated processes freed actuarial and data engineering teams to focus on strategic initiatives.
- Faster product delivery: Improved efficiency in product development and delivery processes reduced time-to-market for insurance solutions.
- Improved governance and compliance: Enhanced product and organizational semantics governance ensured regulatory compliance and data consistency across the board.
- Centralized Customer 360° data: Consolidating customer data allowed for better communication, intelligence, and service to carrier clients.
With Semarchy’s platform, AAIS has built a scalable foundation for continued innovation, empowering its teams to quickly and precisely adapt to evolving industry needs.