To accomplish this, agents work with a wide number of applications and services within their organizations, each of which typically requires a different username and password. Agents also need to access the online systems of carriers and MGAs and other business partners for quotes, claims, commission reports and many other routine items. Each of these organizations usually requires unique credentials.
Managing this proliferation of usernames and passwords takes significant effort on the part of everyone involved and can send costs spiraling out of control. In addition, the increased risk of data and identity theft puts organizations at risk of non-compliance regarding government regulations, which can lead to significant fines.
Identity management refers to the business processes, practices and technologies used to authenticate users and provide access to computer networks, applications, websites and other electronic resources. Identity management is all about letting the right people in while keeping unauthorized people out.
To address these challenges and enable easier, more secure access industry-wide, Vertafore is developing Vertafore Identity Management, a highly innovative, standards-based identity model. Vertafore Identity Management will help agencies of any size—particularly those with more than one Vertafore product or service—increase efficiency and compliance. It will help carriers become easier to work with, thus driving business growth. And it will help agencies and carriers alike maintain proper security and comply with regulatory standards.
Vertafore Identity Management will be rolled out incrementally over a span of several years—beginning with Sagitta, PL Rating and TransactNOW and select carrier partners—then extending to other Vertafore products, carriers and business partners.
For more information, please send an email to: identitymanagement@vertafore.com