Insurance Technologies Corporation announced Wednesday that it has added a new security feature to its popular comparative rating and sales system TurboRater. The two-factor authentication system prompts users to enter a one-time code after they have logged on with their username and password.
Users will be able to retrieve the one-time code through text messaging, phone call, or through third-party apps like Google Authenticator, Duo or Authy.
TurboRater is the first comparative rating system to have such a security measure in place, designed by
ITC in a concerted effort to push agency data security.
“We want to take it on ourselves to move forward the importance of data security in the insurance industry, and give agents the tools they need,” ITC president Laird Rixford told
Insurance Business. “It came from our insight into the industry and knowing there’s little focus on that now.”
Rixford underlined the need for additional security for one of the most popular insurer tools.
“Our users enter critical data into TurboRater every day, so it’s important to us that we help them keep their information secure,“ he said in a statement.
“Two-factor authentication has become a standard in the technology industry for mitigating security breaches by hackers. Major online companies like Facebook, Twitter, Microsoft and Google use two-factor authentication to lessen the impact of user identity theft. We will continue to prioritize security initiatives like two-factor authentication to better protect our products and the information it stores for our agents.”
ITC hopes to continue this new push into agency security, adding features and highlighting existing ones for clients.
“We will continue to add features and make sure our products have passwords that auto-expire, use complex passwords, and use IP restrictions to certain locations,” Rixford said. “A lot of that is already available, we just want to make sure we’re educating consumers on how to use and accept all those features.”
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