Servicing the Insurance Industry

Targeted at the intersection of business, identity and risk management, Identropy’s Professional Services practice is designed to deliver targeted solutions in the context of specific industry regulatory and pain points. We can help executive sponsors navigate and drive a practical and achievable strategy for their Identity Governance and Administration, Access Management, or Cloud Identity challenges for Regulatory Compliance and effective solutions to reduce the risk of data breaches.

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Why is Identity Important for the Insurance Industry?

The range of answers (which are all correct) affects everything from compliance and regulatory requirements, as well as sustainability, privacy, operations, and even an affect on ROI for Insurance companies who properly implement and use various Identity Governance and Administration or Access Management programs. Insurance companies are in a unique position because of the sheer amount of data they collect and the number of users they manage. This affords them opportunities to generate value in ways that other companies can't. But this wealth of information comes with several challenges. An identity governance program offers extensive benefits for insurance companies when the industries' compliance regulators impose strict regulations. It's important for insurance companies to be able to assure these entities that they have the right safeguards in place (and in order to avoid unnecessary fines). Because those providers must have trained experts on staff ready to respond at a moment’s notice to any sort of threat to the physical or virtual network, they also know the value of quick response and remediation of issues.
Take a look at some of the documentation below to help you understand how proper Identity Governance and Administration, Access Management, or Cloud Identity Management can be imperative.

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Why Identity is important for Insurance CompaniesIdentropy Showcase on why Identity is important in the Insurance industry. Learn more about compliance and regulatory needs for the insurance industry, and what technology solutions Identropy can help in regards to Identity Governance and Administration, Access Management, Cloud Identity, and Priveleged Access Management.Sailpoint Addressing Compliance Challenges Case StudySailpoint Addressing Compliance Challenges Case StudyEY Cyber Strategy For InsurersEY Cyber Strategy For InsurersAXA Sailpoint White PaperAXA Sailpoint White Paper - Insurance SectorGovernance Risk Compliance Research PaperInsurance Sector Governance Risk Compliance Research PaperCybersecurity Regulatory Issues In The Insurance Industry ProtivitiCybersecurity Regulatory Issues In The Insurance IndustrySailpoint Governance Solution BriefSailpoint Governance Solution BriefNY DFS Cybersecurity Regulation: Moving to a Managing Access Risk ModelCovering financial services firms operating in the State of the New York, the new Cybersecurity Regulation has an extensive set of requirements aimed at improving data protection and access management. Identity and Access Management (IAM) will play a pivotal role in meeting compliance and the Regulation’s broader intent.In effect since March 1, 2017 and in the process of being phased in over the next 18 months, the New York Department of Financial Services (NY DFS) Cybersecurity Regulation ha...Identity Assurance: An Everyday Life IssueIn part 1 of this 2-part piece I introduced and defined some of the terms relating to identity assurance. In this last piece I intend to illustrate identity assurance's intersection with real-life through some examples.Identity Assurance in the Enterprise?Some interesting considerations come to mind when thinking of identity assurance within an Enterprise Identity and Access Management (IAM) context. I will illustrate with two scenarios:In the US, organizations need to follow the Employment E...CIAM Deconstructed: Customer IAM vs. Consumer IAMAre you getting your arms around how to scale your Identity and Access Management (IAM) platform to your end-customers? In the past we've discussed the distinction between Enterprise IAM and CIAM. Today we're going to take a deeper dive into CIAM and explore how that space is further sub-divided in some pretty important ways. If you’re in any outward facing business, which you probably are, you’ve likely already heard about CIAM. Depending on your point of view, you may understand this to mea...Access Governance in the Cloud Age (Part 2 of 3)Part 1 of this 3-part article set the stage by defining access governance in general, and with a focus on cloud applications. In this second part, we look at the scope of access governance and some of the unique challenges that cloud applications rise.Incidentally, I just came back from the Gartner IAM Summit in San Diego last week, and among the many good sessions that went on, I found Gregg Kreizman’s Managing Identity in the Cloud particularly interesting and relevant to the theme of this ...Identity Management and Access Controls (Part 2)Continuing where we left off last week, this post takes a deeper look at access controls and the types of authorizations that can be implemented. Authentication, Authorization, and Accountability (AAA)Identity management has become a separate consideration for access control. However, the three pillars that support authorized access still define the tools and techniques necessary to manage who gets access to what and what they can do when they get there: authentication, authorization, and acc...How the Right IAM Tools Will Help Insurance Teams Make the Shift to Digital Insurers know that implementing digital changes have the potential to benefit them long term. A recent McKinsey study found that insurers that digitized their processes eliminated 30 to 50 percent of the human service costs. The top quartile of those surveyed achieved 2X the growth of their peers. But specific obstacles in the industry have stalled progress. First, the majority of insurers don't have the in-house technical expertise and equipment to make sweeping changes without support...Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. The entering into effect of multiple state laws in this area may present challenges for insurance providers operating in states where such cybersecurity requirements are provided for.Major data breaches in recent ye...

Cyber Security Program Manager, Dartmouth-Hitchcock

"The Identropy team have provided excellent value in advancing our Identity program. All engagements have been staffed by highly qualified, service-minded individuals who are willing to go above and beyond in assuring delivery of an excellent end product."

How to Prepare for an Identity Program

Identity Governance and Administration, Access Management or Cloud Identity Programs are very unique to each enterprise's needs. To successfully complete an Identity project, a strong emphasis on business processes is required in addition to securing the cooperation of key stakeholders. Read the documents below prior to evaluating the needed technologies to help guide you in your selection process.

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Ho to prepare for an Identity ProgramIdentity Governance and Administration, Access Management or Cloud Identity Programs are very unique to each enterprise's needs. To successfully complete an Identity project, a strong emphasis on business processes is required in addition to securing the cooperation of key stakeholders. Read the documents below prior to evaluating the needed technologies to help guide you in your selection process.Towards An Identity Centric Security StrategyTowards An Identity Centric Security StrategyIdentity Project Scoping GuideThe Identity Governance & Administration and Cloud Identity scoping guide is a document that helps you and your team walk through a simple exercise that can be completed in an afternoon, resulting in an initial structured understanding of your projects' scope.Identity Workshop StakeholdersIdentropy Ebook - Saas Security ChecklistIdentropy Ebook - Saas Security ChecklistSaml 101 White PaperSAML ExplainedThe Essentials Of OauthIntroduction to OAuthNavigating your Identity and Access Management Journey December 3, 2018 While the internet lights up with terrifying costume ideas every October, what we find truly scary are the security breaches that have hit major... October 11, 2018 Phishing attacks often spoof websites in order to steal passwords, tricking users into entering credentials to a website that looks identical to the one they... October 9, 2018 Summary: A weakness in the Microsoft ADFS protocol for integration with MFA products allows a second f...

Identropy's Featured Identity Solutions

for the Insurance Sector

While Identropy has completed over 175+ projects in its history using every major technology, the key success factor involved selecting and implementing the right set of unique solutions for each individual project based on its' specific needs. Below are some Identity solutions that have helped many of the organizations we serviced achieve success.

Identity Governance and Administration

Access Management - SSO

Cloud Identity

Privileged Access Management

Why Identropy? Our Experience...

Identropy’s proven “Plan, Build, Run” approach has helped customers build and maintain successful identity management programs for over 10 years. Through our exclusive focus on Identity and Access Management and a combination of vendor-agnostic identity consulting and advisory services, deep domain and implementation expertise and flexible managed services capabilities, Identropy has pioneered the development of a model that balances business needs, security best practices and operational requirements.

8+ Years Avg Tenure 175+ Customers 350+ Implementations

Featured Clients

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