Securing Policyholder Data Wherever it Goes
As an insurance company you are likely to collaborate with a vast network of agents, partners, contractors, subsidiaries – the list is endless. This collaboration often involves sending your policyholder and sensitive corporate data outside your firewall and beyond the reach of your data security and governance system, leaving you reliant on your third parties’ security environments. Learn more by reading our business use cases.
Data-Centric Security for Your Policyholder & Other Sensitive Data Wherever It Goes
There are many areas where sensitive data can be lost. Scroll over the six departments in the diagram below to see where your insurance company may be exposed to risks.
GRC / Risk & Audit Reports
Regulatory and Compliance Reports, MIS Reports and Audit Data changes hands on a daily basis with internal and external parties.
Underwriting / Policies & Claims
Claims data and underwriting information are shared with various business units and third parties.
Commissions / Statements
Highly confidential information such as pay-out data and commissions are sent across and beyond the organization.
Contracts & Legal
Comprises of financial reporting, regulatory reporting and expense management information that is shared with various departments and stakeholders.
Outsourcing / Customer Data
Critical to operations and profitability, policyholder information containing transactions, reports and statements are shared with agents, internal teams and third parties.
HR / Employee Data
Employee data is shared across business units and with outsourced agencies such as payroll and benefit companies.