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Streamlining Total Loss Lienholder Payments (Claim Payment Challenge Part 2)
In part 1 of this four-part series, we introduced four inherent claim payment challenges involved with paper check...
As the proverbial gold standard for consumer data protection, System and Organization Controls (SOC) reporting provides verification that an organization has passed a rigorous audit and adheres to industry-leading system security and suitability guidelines. Although SOC audits are voluntary, with the recent increase in cyberattacks against insurance companies, this high-value report provides an important layer of validation for insurers choosing third-party vendors who will have access to their sensitive data.