Life Agents May Face New Login Processes: IRI Conference
April 27, 2021 by Allison Bell
What You Need to Know
- About 70% of big life and annuity issuers use multi-factor authentication for customers.
- Only 40% use multi-factor authentication for distributors.
- Criminals have used data obtained from P&C agent portals to commit unemployment insurance claim fraud.
Many life and annuity issuers need to improve the defenses for distribution-related online systems, according to Matthew Josefowicz.
Josefowicz, CEO of Novarica, said Wednesday that the current defenses are much weaker for life and annuity distributors than for the customers.