One of the key developments driven by the rise of digital transformation is tapping into new technological frontiers - outsourcing to insurance technology companies (InsurTechs), and improving costs and productivity along the way.
As digital becomes the new normal, the provision of various digital platforms, such as apps and online portals, insurance broker and backend services, InsurTechs are delivering highly sophisticated tailored technical solutions, releasing the insurance companies from the effort of developing them on their own.
To fully rely on these third-party InsurTech solutions, insurance companies must have confidence in their technical trustworthiness.
Enabling data and information security and resilience against all threats, InsurTechs must protect their digital solutions with the appropriate tools to provide this technical trustworthiness.
UTIMACO provides the corresponding solutions that ensure the highest security for the digital infrastructure of InsurTechs, including their data and information exchange with insurance companies and other insurance market participants.
Applications for Technical Trustworthiness for InsurTechs
Qualified Electronic Signatures
Reliably identifies the signer and protects the document against tampering or forgery, Qualified Electronic Signatures are regarded as the most secure method to digitally prove a subject's identification and acceptance of the content of a document.
Timestamping
Providing reliable proof of time, highly secure, and accurate timestamps are an ideal solution to enable trustworthy digitalization of business processes and ensure reliability for many use cases across all industries.
Tokenization
Replacing sensitive data with non-sensitive tokens enables secure business operations without sharing sensitive information.
General Purpose Hardware Security Modules
Enables key generation, storage, and exchange. Addresses various performance levels and physical security requirements while fulfilling compliance and regulatory mandates.
