Insurance agency data security: Why all-in-one tech reduces risk

An EZGuide to fewer vendors and fewer ways for client data to leak

Every rater, e-signature tool, payment processor and customer relationship management (CRM) platform represents a different company holding a copy of your client’s data. Most agencies don’t plan it that way. It happens a single contract at a time, and the vendor count creeps up before anyone’s counting. 

Add it up, and independent agencies are looking at eight or more separate companies with some form of access to client information. None of them are necessarily doing anything wrong, but that’s not the point. 

The risk isn’t any single vendor being careless. It’s that every added company brings a new legal agreement, a new security posture to trust and a new login that can get phished.

Risk like that doesn’t just stack up; it compounds.

This free EZGuide provides a head-on look at insurance agency vendor risk. We discuss ways to reduce cybersecurity risk at an insurance agency without losing the tools your team relies on, a quick self-check for the vendors your agency already uses, and what compliance with the NAIC insurance data security model law actually requires of agencies today.

Inside, you’ll find:

• A concrete count of the vendors already touching your client data (most agencies have more than they think!)
• Why every added vendor raises your exposure, from breach notification deadlines to logins left active after someone leaves
• How quoting, workflow and transactions get safer once they move from several vendors into one system
• Five questions every agency principal should be able to answer about their own vendors

Consolidating doesn’t mean giving anything up. It means the same jobs, fewer companies holding the keys and a single place to look when you need an answer.