Client information is the most valuable commodity the insurance industry has in its possession—and protection of that precious resource in the age of electronic transactions is imperative to the industry's growth and survival.
"If the industry does not do a good job of protecting information, then it will blow all that we are doing with modernization and real-time technology out of the water," says Jeff Yates, CEO of the Agents Council for Technology. "Customer privacy and security must be a major [focus] of the industry."
To help make sure the industry recognizes data security as a top priority, insurance regulators are stepping in. Massachusetts, for example, has adopted some very strong and specific privacy regulations that agents there need to be well versed in.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
