Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Fully owning one's data is the only way to ensure 100% security compliance. (Photo: chinnarach/Adobe Stock) Fully owning one’s data is the only way to ensure 100% security compliance. (Photo: chinnarach/Adobe Stock)

Cloud adoption has exploded as a result of the pandemic and stay-at-home orders, accelerating digital transformation for insurers exponentially. According to EY, most insurers aim to move at least 80% of their business to the cloud in the coming years, building on the workloads they have already migrated. As more of the industry becomes fully digitized, there’s been a new-founded emphasis on security and compliance when it comes to data.

Recently, Maine and North Dakota adopted the National Association of Insurance Commissioners (NAIC) data security model law, joining at least 11 others states that have already adopted the model law that applies to insurers, insurance agents and other entities licensed by state departments of insurance. There is an expectation that more states will continue to adopt the NAIC law. Insurance professionals should keep these security obligations in mind when assessing the sufficiency of their data practices, as it’s only a matter of time before a national law is presented.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.