Comprehensive data security for the insurance industry
Insurance data is a treasure trove of high-value, sensitive information like policyholder details, medical records, financial data, and claims histories. As insurance companies struggle to protect large volumes of diverse data types spread across various systems and environments, they also face a sprawling range of compliance standards, including PCI DSS, HIPAA/HITECH, SEC disclosure rules, GLBA, and more.
Confidencial understands these complexities and seamlessly addresses the unique data protection challenges insurance companies face.
Key benefits:
1_
Find and Protect Sensitive Data:
Our AI-powered solution automatically scans your data ecosystem to detect and protect sensitive information, like PII, PHI, and financial data, found inside claims data, underwriting files, and policy documents.
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Secure Client Data Collection and Communication:
Confidencial SDX uses end-to-end encryption to secure all data exchanges between insurers, policyholders, brokers, and regulators so you can collect sensitive information from external parties with peace of mind.
3_
Get Legally-Binding E-Signatures:
Request e-signatures on sensitive documents. Ensure only authorized parties can decrypt the information and the documents remain within your infrastructure.
4_
Automate Regulatory Compliance:
Get full visibility and lifelong audit trails for sensitive and classified documents. Ensure compliance with standards like HIPAA and GDPR.
5_
Reduce Blast Impact:
Apply Zero-Trust principles directly to the data, ensuring unauthorized parties cannot access sensitive or confidential information, even in the event of a breach. Minimize both the risk and cost of data leaks.
Who is it for?
Executive Leadership:
Reduce risk, minimize breach impact, and protect market reputation.
Confidently train AI models on internal documents for efficient underwriting, claims processing, and fraud detection. Sensitive parts of the data remain inaccessible to AI models during training.
Demonstrate your commitment to customers’ data privacy and security for competitive differentiation.
Security & Information Leaders:
Automatically discover, classify, and protect data that needs protection.
Add built-in, cryptographic controls to all sensitive data, preventing accidental leaks and exposures.
Embrace frictionless security, reducing risks without altering user behavior.
Upgrade to PQC standards seamlessly across all storage environments when needed.
IT Teams:
Strengthen your data security posture with private-by-design document workflows.
Embed automatic protection for sensitive data without disrupting workflows.
Overcome IT sprawl through our end-to-end consolidated data protection platform.
Legal, Risk, Compliance, Governance:
Gain full visibility into where personal or sensitive data is stored and how it is shared.
Track and audit all document actions, including access attempts and storage locations.
Seamlessly comply with data protection regulations like HIPAA and GDPR.
Cyber Insurance Stakeholders:
Insurance Providers:
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Enhance your capacity to quantify risk accurately by measuring the extent of sensitive data exposure.
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Ability to run simulations and quantitative models to estimate the extent of potential data exposure, tying results to broader cybersecurity services.
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More accurately model the effects of compromises, breaches, and leaks (even by insiders), and impact on insurance premiums.
Enterprises and SMBs:
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Improve data security posture and quantitatively demonstrate commitment to security for leverage in cyber premium underwriting process.
What makes us unique?
True consolidation
Consolidate all your data security tools into one, reducing complexity and overhead.
Comprehensive coverage
Find and protect sensitive data across all environments—cloud, on-premise, and hybrid.
Unmatched granularity
Apply selective encryption at a granular level, securing specific fields, lines, or paragraphs while leaving the rest available for use.
Easy integration
Format-preserving encryption and plug-ins for major productivity tools ensure seamless integration within existing tools and workflows.
Data-blind architecture
Confidencial never sees your data as it never leaves your infrastructure.
PQC-ready
Stay ahead of post-quantum threats with our quantum-ready technology.
Comprehensive audit trails
Track data access, shares, and modifications with detailed activity logs for regulatory compliance.
Fully compliant
Our platform adheres to standards like HIPAA, PCI DSS, GDPR, and more.
Optional white labeling
Add your brand’s voice, theme, and logo to provide a seamless and consistent experience to your clients.
