Identity Management for Insurance Providers
SailPoint IdentityIQ delivers comprehensive risk management and compliance for many of the world's largest insurers – including multiple Fortune 500 organizations.
Our customers rely on SailPoint's governance-based approach and experience with very large-scale infrastructures – along with our deep understanding of the user access and regulatory challenges inherent in the insurance industry. We're here to help insurers achieve their security and compliance goals, while maintaining a high level of service for their employees, agents and customers.
Complex and Costly Compliance Burdens
Insurers are essentially data companies. They collect, store and transmit a tremendous amount of sensitive information, placing the organization at risk of fraud and therefore subject to stringent regulations – such as the Sarbanes-Oxley Act (SOX), Solvency II and the Model Audit Rule (MAR). To comply with the multitude of different regulations, insurers must implement rigorous access control processes, including regular reviews of access and separation-of-duty (SoD) policy enforcement. Performing these processes manually or with outdated, limited solutions has become prohibitively expensive, as well as inadequate.
SailPoint IdentityIQ provides insurance providers with the strong, centralized governance they need to mitigate risk and achieve sustainable, affordable compliance. The solution automates access certifications for greater efficiency and accuracy, and enables the business to manage access based on business function, not ad hoc assignment. IdentityIQ also provides automated, real-time detection and enforcement of access policy violations, including SoD.
Uniquely, SailPoint's risk-based approach empowers organizations to focus compliance controls on areas of greatest risk. This further helps reduce compliance costs as well as the IT burden on IT, while empowering insurers to enhance compliance efforts over time.
Huge Scale, High User Expectations
Employees, agents and customers expect a lot from an insurance organization's IT systems. They demand a high level of service and unfettered productivity, but they also want to make sure their personal and business data are protected. This is a very complicated, difficult and expensive proposition when you're talking about thousands of employees and millions of individual accounts. Managing access for broker partners and across remote business units further increases the scale and complexity. Most organizations lack the enterprise-wise visibility they need, and they can't certify vast numbers of access privileges consistently.
SailPoint has delivered some of the largest identity management implementations in the insurance industry – in fact, IdentityIQ is uniquely suited to such highly complex IT environments. Currently, our solution is used by a top 10 insurance organization to automate access certifications covering 136,000 managed identities for more than 600 applications in 11 countries.
IdentityIQ provides insurers with a centralized view into all access privileges, across all resources, from the data center to the cloud. This allows the organization to apply common role, policy and risk models to all identity management activity. At the same time, IdentityIQ empowers users to request, approve and manage access – easily, independently and securely. In this way, the solution automatically delivers appropriate levels of access, and does so quickly to maximize productivity and performance.