Phinsys, the leading finance automation software provider for the insurance sector, announced today its successful attainment of SOC 2 Type 1 compliance.
SOC 2 is a widely recognised and respected standard for information security and has become an essential requirement for insurance companies and their partners, ensuring the security, availability, processing integrity, confidentiality, and privacy of data.
To achieve compliance, Phinsys underwent rigorous assessments and audits, reinforcing its commitment to meeting the highest standards of IT governance to protect its business.
Stuart Conibear, chief commercial officer of Phinsys, commented on the achievement, stating,
"Our successful attainment of SOC 2 compliance is a testament to the commitment and hard work of our exceptional team. Meeting these high standards is important for us in today's insurance market to assure all our stakeholders that we prioritise the highest standards of information security and data protection. By achieving SOC 2 certification, our clients can have complete confidence in the reliability and efficacy of our software”.