FOR IMMEDIATE RELEASE
NAIC Fiscals Signal Priorities and Progress
The NAIC releases three technology-related fiscals for public comment
PARK CITY, Utah (July 17, 2018) — The National Association of Insurance Commissioners (NAIC) today released three fiscals related to the NAIC's strategic plan, State Ahead, for public comment.
The Enterprise Data Strategy, Governance and Management – Phase I fiscal represents the first phase of an initiative to establish advanced data management processes. NAIC staff will enhance and modernize data management and governance policies to standardize how data is handled as an asset and develop an enterprise data catalog. The catalog will act as a roadmap for data sets and detail the order in which they will be addressed.
The Enterprise Data Platform and Data Warehouse – Phase I fiscal funds the first phase of centralizing data-collection across business areas. This data warehouse will serve as the primary location for data analysis and synthesis. The first phase will focus on implementing the enterprise data catalog to manage, collect and govern NAIC data.
"The NAIC is responsible for the largest collection of financial data in the world," NAIC CEO Mike Consedine said. "The two enterprise data fiscals released today will fund efforts to modernize the management of that data — preparing it for a revolution in emerging analysis tools that state insurance regulators will use to better understand their markets."
The Dynamic Content Website – Phase II fiscal continues the work to improve the online experience for the NAIC's customers. The initiative includes the application of a content management system (CMS) on a vendor-hosted cloud platform that will host the organization's websites. This phase establishes governance policies and standards for online content and provides for tools and policies to address the needs of users with disabilities.
"Our websites are an important resource for regulators, consumers and the industry," said Andy Beal, NAIC Chief Operating Officer and Chief Legal Officer. "Adopting a cloud hosting platform and implementing more robust tools for the day-to-day maintenance of our websites will greatly improve the experience of our online audiences."
Written comments or questions should be addressed to the NAIC and forwarded to the attention of Jim Woody, firstname.lastname@example.org, by Aug. 1, 2018.