Attachment Access

Attachments, the latest product on the DTCC Access Platform, allows insurance carriers and distributors to electronically exchange unstructured information, such as digital or imaged documents. With this easy-to-use, no-cost online tool, distributors and carriers can enter attachment transactions and receive corresponding confirmations online.

“Customers now have a very user-friendly frontend which they can log onto and attach a document, rather than trying to integrate a whole process into their systems,” notes Craig Gurien, Director of Product Management, DTCC I&RS. “For firms currently receiving attachments using our core attachments service, the process remains the same. We made it easier for new firms that wish to send attachments by minimizing the resource and time investment while still maximizing the benefit of the Attachments service.”

Insurance regulation requires that insurance companies receive image copies of documents such as application forms and electronic signatures even when applications are sent electronically. Before Attachments, firms would manually send documents via fax, mail, email or via proprietary imaging systems. Through Attachments, firms are able to send documents electronically through DTCC’s secure network.

Via the Access platform, even smaller distributors who may lack the resources to develop the imaging platform required to build direct Attachments capabilities can now use the service. Additionally, vendors, clearing firms, and other potential third-party users now have a no-development route to use the service.

“Making Attachments directly available online brings the value of this new service to more potential users in more distribution channels,” said Adam Bryan, Managing Director, DTCC I&RS.