CII sets out vision for vulnerability data sharing
The Chartered Insurance Institute (CII) has outlined a vision for transforming how vulnerability data is shared across the insurance and personal finance distribution chain to meet the Financial Conduct Authority’s (FCA) requirements. In a new report summarising a recent roundtable held in May, 'Unlocking outcomes: data sharing across the distribution chain', the professional body calls for a shift from compliance-focused approaches to outcome-driven data sharing, recognising the need for ‘common standards and an ecosystem that promotes sharing data to create customer value’.