A tightly regulated industry like insurance has very stringent compliance reporting. However, most insurers have a decentralized IT infrastructure, where different lines of business have different systems. This is efficient for the business, focussing on the BU and specific agent or broker needs. So each of line of business like home, auto, commercial and surety are maintaining their own systems. Unfortunately, data is often duplicated within these systems, and Reifier consolidates this data for them providing clear opportunities for cross selling, risk assessment and compliance reporting. Reifier also checks their internal customer information against external sourced data to ensure that sales outreach happens to the right people.
Posted on April 17th, 2017