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. While effective and efficient, the
sheer volume of over 14.5 million insurance policy records
processed daily can be challenging for clients to pinpoint the
DTCC’s Insurance Information Exchange (IIEX), offers clients the ability to have a single-entry point into DTCC to enhance data completeness, delivery and access of policy, producer, and product data. IIEX supports in-force policy and transactional 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. 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 enhances data completeness, delivery and access – all while reducing redundancy and risk, transforming a traditionally chaotic process into an orderly one.