Definity Financial Corporation has received the esteemed API Security Standards Certification from the Centre for Study of Insurance Operations (CSIO) for successfully implementing the organization’s Application Programming Interface (API) security guidelines.
The CSIO’s API Security Standards, developed by its INNOTECH Advisory Committee and API Security Working Group, set forth a standardized framework for authentication and authorization in the insurance industry.
The certification verifies that Definity has addressed key security concerns related to API endpoints, giving broker partners confidence that their data remains protected during real-time interactions, such as obtaining insurance quotes through broker management systems (BMS).
“Definity continues to pursue our ambition to be one of Canada’s most innovative property and casualty insurers by implementing solutions that benefit our customers and broker partners,” said Tatjana Lalkovic, senior vice president and chief technology officer of Definity. “This certification provides brokers peace of mind that authorization and data flows are fully secured.”
Bill Pearce, vice president of information and cyber security at Definity, added, “We continue to invest in cyber security to support our commitments to customers and brokers. This certification is an example of how we are ensuring we are adhering to the highest industry standards as outlined by CSIO.”
Catherine Smola, president and CEO of CSIO, commended Definity for their achievemen: “Definity’s certification demonstrates their strong commitment to API security measures, further optimizing real-time data exchange with brokers.”
The Centre for Study of Insurance Operations (CSIO) is a Canadian technology association representing property and casualty insurers, vendors, and more than 43,000 brokers. It oversees the development, implementation, and maintenance of technology standards and tools, including CSIOnet, eDocs, and My Proof of Insurance.
CSIO’s API Security Standards were recently updated to reflect the latest best practices in security, providing insurers and BMS vendors with further guidance on mitigating risks associated with API implementation.
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