Insurance Information Exchange (IIEX)

DTCC’s Insurance Information Exchange is a platform that transforms raw data into actionable insights using an API-enabled environment to consume insurance information.

• Overview

  DTCC’s sophisticated I&RS processing environment has evolved from more than 25 years of development, with an interconnected and layered suite of products and services. Over 550 firms exchange large amounts of data throughout the lifecycle of insurance products, making it difficult to determine critical business decisions or respond to today’s rapidly changing regulatory and reporting requirements. The sheer volume of over 15.6 million insurance policy records processed daily can be challenging for clients to pinpoint the information needed.

   
  

  DTCC’s Insurance Information Exchange (IIEX), offers clients the ability to have a single-entry point into DTCC to access and transact policy, product and producer specific data. IIEX supports in-force policy data that is readily available, on-demand, through a user interface, via DTCC Portal, as well as an API-enabled platform.

  IIEX offers clients the ability to create analysis and intelligence specifically around policy level completeness and data coverage. IIEX users (carriers or distributors) can get a view into their overall data completeness rate and filter down to get specific insights by product type, trading partner or even at the individual policy level.

  IIEX provides access to data completeness details, delivery and access, along with transacting – all into a single entry point while reducing redundancy and risk, transforming a traditionally chaotic process into an orderly one.

• Benefits

  Using the API-enabled or DTCC Portal user interface, the IIEX platform allows clients to centralize and exchange their data. Benefits include:

  • Consolidated data hub provides a standardized alternative to consume and store large, redundant batch files
  • Users can easily access purpose-driven API data sets
  • Gain insight into policy data coverage with IIEX’s data completion score
  • Offers solutions for all insurance product types - annuities, life insurance and insurance-based retirement plans
  • Flexible, secure platform with data delivery capabilities to support data aggregators and solution providers
  • Allows for improved transparency into commission schedule, fee and expense data
  • Eases compliance/regulatory burdens and associated costs
  • Easily locate key data attributes by utilizing multiple pre-defined search criteria

• How The Service Works

  Accessible from a user interface, the DTCC Portal, with API search capabilities, IIEX will give users the flexibility to view and access in force policy and product data and achieve insights into data quality completeness scores that leverage business defined critical attributes, by product types.

  

  *IIEX’s User Interface will be accessible via the DTCC Web Portal and the IIEX APIs in the DTCC API Marketplace.

• Who Can Use The Service

  The IIEX platform is readily available to all I&RS clients and business partners who are members of DTCC’s National Securities Clearing Corporation (NSCC). See more information on how to become a member of NSCC.

  IIEX APIs are also available to non-NSCC data vendors and solution providers to host for their clients.

  If you’re interested in learning more about your eligibility to use IIEX, please fill out this quick Contact Us form.

• For More Information

  Please fill out a contact us form.

  CONTACT US

   

  
  

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