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Cyber security precautions needed with insurer-TPA relationships

Insurers need to design cyber security policies and procedures to address TPA arrangements and ensure that customer data is protected.

By Shawn Moynihan | Updated on September 03, 2015

Many insurers rely on outside vendors, including third-party administrators—better known as TPAs—to help them run their business operations. A major concern for insurers is managing the data security aspect of the TPA relationship. PC360 recently interviewed Jonathan J. Kelly, a corporate law partner in Sidley Austin’s New York Insurance group, to talk about insurers, TPAs and cyber security precautions.

PC360: As insurers pay closer attention to their cyber security policies and procedures given the recent rise in risk, what precautions should they have in place to help ensure that they’re protected via their third-party administrator (TPA) relationships?

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Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

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