More than just a policy number
In the insurance industry, data is your most valuable asset and your biggest challenge. Between policy systems, claims databases, and billing platforms, customer information is often scattered, duplicated, and inconsistent. LakeFusion allows you to see the human being behind the data.
Understand your policy holders across every line of business—life, auto, home, and health
The insurance regulatory landscape is becoming increasingly complex. MDM makes compliance a byproduct of your data strategy, not a separate burden.
Compliance
Shield your institution against regulatory risk with a single, governed source of truth that ensures total audit transparency and effortless compliance
Customer experience
Unlock a seamless 360-degree view of your clients to deliver the hyper-personalized financial experiences that drive long-term loyalty and wallet share
Efficiency
Strip away back-office friction and slash operational costs by replacing fragmented data silos with automated, high-velocity workflows.
The data challenge facing insurance today
The insurance industry struggles with fragmented data, as customer information is scattered across platforms, making it hard to create a unified view.
Challenge
Fragmented data systems
Customer data is spread across multiple systems, making it difficult to gain a unified view and hindering efficient decision-making.
Inaccurate and inconsistent records
Data discrepancies lead to billing errors, delays in claims processing, and unreliable insights, reducing trust and operational efficiency.
Evolving compliance demands
With constant regulatory changes, staying compliant across various platforms is time-consuming and risky.
Solutions
Unified customer 360 for insurers
Create AI-powered golden records across policyholders, policies, claims, brokers, and third-party data — all within Databricks.
AI-powered match and merge
Automatically detect duplicates, resolve inconsistencies, and standardize records using multimodal AI.
Underwriting and claims optimization
Deliver accurate, connected data that improves risk assessment, accelerates claims adjudication, and enhances decision-making.
Governed, audit-ready data foundation
Maintain traceable, compliant master data aligned with evolving regulatory and data protection requirements.
Trusted data drives better outcomes
Frequently asked questions
LakeFusion unifies fragmented customer, account, and counterparty data across systems into a single, governed golden record directly in Databricks. This ensures teams across risk, compliance, and operations are working from consistent, reliable data — not conflicting versions across systems.
LakeFusion enforces governance, lineage, and traceability through Unity Catalog, ensuring that customer and entity data is consistent, auditable, and explainable. This helps institutions meet regulatory requirements with confidence in how data is defined, managed, and used.
Yes. By mastering data directly in the lakehouse, LakeFusion eliminates the need to reconcile across multiple systems. Teams operate on a single, consistent dataset — reducing manual effort, operational risk, and delays in reporting.
Yes. LakeFusion is built natively on the Databricks Lakehouse and integrates directly into your existing data pipelines, governance model, and workflows — without requiring new systems or re-architecture.
Traditional MDM tools require separate infrastructure, data movement, and ongoing synchronization. LakeFusion runs natively inside Databricks, eliminating data duplication, external MDM hubs, and additional pipelines, reducing complexity and accelerating time to value.
LakeFusion uses AI-driven entity resolution, including LLM-based matching, to identify and merge records across systems — even when data is incomplete or inconsistent. Each match includes explainability and confidence scoring, with human-in-the-loop workflows for edge cases.
By ensuring consistent, accurate master data across customers, accounts, and hierarchies, LakeFusion enables more reliable risk models, exposure calculations, and reporting — helping teams make faster, more confident decisions.
