Limits to data quality?!

Kennisbank •

Solvency II requires data for Technical Provisions and for Internal Models to be ‘complete, accurate and appropriate’. DNB (2017) provides guidance “to ensure data quality”. These are ambitious requirements.

Limits to data quality?!

In real life, there are data quality issues. Many data quality issues have ‘solutions’ (Osborn (2024), Rao (2024) and Elahi (2022)). In this article, we present a few ‘limits to data quality’. Issues that we feel are root-causes, hard to resolve. We suggest that they deserve more attention and may well influence data quality expectations.

DNB (2017) describes the requirements for a data quality management framework in various areas. We identify root causes for data quality issues in three of these: (1) data architecture, (2) external providers and (3) objectives. We end with concluding comments.

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Over de auteur

Tjemme van der Meer AAG

Senior actuaris bij Achmea.