NAIDC 2025 is the acronym for the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) Insurance coverage Knowledge Requirements mission with a goal completion date of 2025. The aim of this mission is to modernize the insurance coverage business’s information requirements and enhance the effectivity and accuracy of knowledge alternate. The brand new requirements can be primarily based on trendy know-how and can be extra versatile and scalable than the present requirements.
The NAIDC 2025 mission is a serious enterprise that can impression all stakeholders within the insurance coverage business. Insurers, brokers, brokers, and regulators will all must undertake the brand new requirements. The mission is predicted to take a number of years to finish, however the advantages of the brand new requirements can be important. The brand new requirements will make it simpler to alternate information between completely different programs, scale back the price of information alternate, and enhance the standard of knowledge.
