DTCC is helping the insurance industry solve one of its more significant challenges managing producer/insurance agent training and certification processes. The launch of the Producer Management Portal (PMP) gives insurance firms a secure central repository to track, share and verify producer training progress records. It also helped firms in 2013 comply with state-by-state regulations by assisting in quickly verifying that producers are qualified to sell insurance products. In addition, the service improves transparency, maintaining complete training records even when producers move among distributors within the industry.
DTCC is working in partnership with the insurance industry to transform I&RS services to deliver more effective, accessible, state-of-the-art technologies. The goal is to offer clients a secure warehouse of stored industry data within a multi-sourced, centrally accessible platform. Enhancements to the PMP and Analytic Reporting services in 2013 reflect this new direction with the ultimate goal of reducing cost and enhancing access to data by delivering I&RS solutions through a central repository.