Cybrove
Industry Security Guide

Application Security for Insurance Technology

Insurance technology platforms handle deeply personal data — health records, financial information, property details, and claims history.

Compliance Requirements

SOC 2HIPAA (health insurance)GLBAState insurance regulationsGDPR

Top Security Risks for InsurTech

Policyholder PII exposure
Claims fraud via application manipulation
Underwriting model theft
Agent account takeover
Third-party data provider breaches

Security Checklist for InsurTech

Encrypt all policyholder data
Implement claims fraud detection
Protect underwriting models and algorithms
Enable MFA for agents and administrators
Implement role-based data access
Comply with state insurance data regulations
Secure API integrations with carriers and agents
Deploy document security for policy documents
Conduct regular penetration testing
Maintain cyber insurance for your own operations

Frequently Asked Questions

What security does a insurtech company need?

InsurTech companies need SOC 2, HIPAA (health insurance), GLBA compliance, encryption at rest and in transit, access controls, vulnerability scanning, and an incident response plan. The specific requirements depend on the data you handle and the regulations that apply.

What are the biggest security risks for insurtech?

Policyholder PII exposure. Claims fraud via application manipulation. Underwriting model theft.

What compliance frameworks apply to insurtech?

InsurTech companies typically need SOC 2, HIPAA (health insurance), GLBA, State insurance regulations, GDPR. The specific requirements depend on your data types, geography, and customer requirements.

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