Insurance and Finance

Encryption Solutions for the Insurance Industry

Insurance agents and brokers exchange sensitive information via email daily and with a growing range of compliance rules enforcing them to implement a privacy best practice.

Echoworx understands that customer data should be protected at all times and helps insurance companies meet compliance regulations and corporate policies. Whether they are communicating with customers via email, maintaining customer records on the company servers or even on the agent’s laptop or mobile device.

Encryption services assist insurance agents by increasing the speed to market for insurance quotes and statements. It is ubiquitous for both insurance companies and its brokers and customer communications to always remain protected.

Echoworx ensures secure and automated distribution of new policy applications and increases ROI by decreasing paper based communications. Sending encrypted emails will result in a dramatic decrease in courier costs.

Risks for insurance agents to be aware of include:

  • International Accounting Standards (IAS)
  • Sarbanes-Oxley Act (SOX)
  • FSA Regulations on Brokerages
  • Data Protection Directive – National governments in all 25 member states to the European Union
  • The Integrated Prudential Sourcebook for Insurers

  • Echoworx Solution

    Encrypted Mail

    • Enables insurance agents to securely distribute broker commissions back to the office and share new policy information and other confidential information with their customers

    Encrypted Files and Folders

    • Allows for policy renewal forms and contracts to be distributed securely to customers
    • Protects customer information stored on hard drives, laptops and portable devices

    Encrypted Message Exchange

    • Provides a secure web-based portal for confidential communications between customers and insurance agents including full audit trails