The Insurance industry relies heavily on personal data of its customers to arrange policies, underwrite at realistic rates, and process claims. However, this business model has come under additional scrutiny, as it could potentially compromise personal data. The GDPR, CCPA, NYDFS Cybersecurity Regulation, and PIPEDA are some new regulations unveiled globally, to protect consumers against such possible misuse. Other US states and global regions are expected to adopt similar regulations to protect the interest of their consumers, requiring organizations to be globally responsive to data privacy and protection.
LTI has proven expertise in working with global insurers and helping them reimagine data management and governance.
Sensitive data inventorized, classified and protected
Of Data automatically scanned across varied data sources
Effort reduction in the management of consumer rights and consent
LTI offers unique service offerings in Data Privacy space:
Accelerated assessments using insurance specific toolkits, process maps and automated solutions to improve cyber resilience
Rapid Implementation using an effective data lineage solution, a robust Consumer Rights and Consent Management Solution and best practices for future proofing
Intelligent Reporting Real-time dashboards for breach prevention and monitoring, using Predictive Analytics
Extensive insurance domain expertise with over 40 global clients and 18+ years of experience
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