With the recent implementation of International Financial Reporting Standard 17 (IFRS 17), companies need a more detailed level of data to ensure high-quality results. This briefing note delves into the importance of data validation and the current challenges faced within insurance companies. It further covers how companies can tackle data validation and implement a data validation framework to address concerns regarding data quality and its governance. The main sections of the briefing note include the following: 

• Why we need data validation
• Issues concerning data management
• Addressing data issues faced by insurers