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 trade’s knowledge requirements and enhance the effectivity and accuracy of information trade. The brand new requirements shall be primarily based on trendy know-how and shall be extra versatile and scalable than the present requirements.
The NAIDC 2025 mission is a serious endeavor that may impression all stakeholders within the insurance coverage trade. Insurers, brokers, brokers, and regulators will all have to 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 shall be vital. The brand new requirements will make it simpler to trade knowledge between totally different techniques, cut back the price of knowledge trade, and enhance the standard of information.
