NAIDC 2025 is the acronym for the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) Insurance coverage Knowledge Requirements venture with a goal completion date of 2025. The aim of this venture is to modernize the insurance coverage trade’s information requirements and enhance the effectivity and accuracy of information change. The brand new requirements can be based mostly on trendy know-how and can be extra versatile and scalable than the present requirements.
The NAIDC 2025 venture is a serious enterprise that can influence all stakeholders within the insurance coverage trade. Insurers, brokers, brokers, and regulators will all must undertake the brand new requirements. The venture is predicted to take a number of years to finish, however the advantages of the brand new requirements can be important. The brand new requirements will make it simpler to change information between completely different programs, cut back the price of information change, and enhance the standard of information.
