Cyber security has been a significant topic of conversation within the insurance industry for a long time. Despite security concerns, much of the IT infrastructure which supports insurance companies is seriously outdated. In a recent conversation with a cyber security executive, many of his legacy data management systems were described as "laughably easy to hack". This technology may not look as old as Matthew Broderick's set up from "War Games" 30 years ago (amazingly though, some do); they just may no longer be supported actively. Platforms with non-active support are much more dangerous and far more common than executives realize.
Even if your company purchased or built a data management system last year, if it was built on a platform that is not keeping up with or defending against the latest cyber security threats, it is at far more risk than platforms which are. This reality has given rise to SaaS solutions that help insurance institutions maintain a secure platform.
p1 is a modern SaaS (Software as a Service) system which is offered on the Cloud, designed to free you to focus on running your business instead of managing your data. The underlying system is written on the Microsoft .NET framework and utilizes the Microsoft SQL Database, allowing you to integrate many of your existing platforms while offering you the option to secure your data on Microsoft Azure cloud servers. "Azure infrastructure is resilient to attack, safeguards user access to the Azure environment, and helps keep customer data secure through encrypted communications as well as threat management and mitigation practices, including regular penetration testing." This combination of efficient design and secure storage built for long term needs puts p1 in a class of its own.