Oct 27, 2015
• DTCC Connection
How Well Is The Life Insurance Industry Managing Data?
In September, DTCC’s Insurance & Retirement Services (I&RS) team was featured in Insurance News Net Magazine as part of a new series called “Life Industry Alerts.” The second story in this three-part print campaign addresses the challenges life insurance participants face as they manage the increasing amount of data in their day-to-day business.
The October story poses questions about how well the life insurance industry is managing data and whether manual processes are exposing the industry to risks and cyber threats. The industry has left these complex questions unanswered – until now.
I&RS’ life insurance solutions provide standardization and automation through a diverse array of product offerings.
“The framework has been built by DTCC to establish standards; now we need to work with insurance companies and bring these advantages to the entire industry,” says Kristie Thompson, Principal at Edward Jones. “DTCC offers the best solution to help us manage the large influx of data we receive and transmit on a daily basis, and that allows our Financial Advisors to conveniently access policy information so they can provide the best level of service to our clients.”
Download the full INN October feature to read more about the solutions for data management for life insurance.
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