openIDL: POC Report on NAIC COVID-19 Data Call
On August 16, at the 2021 Summer NAIC National Meeting, AAIS VP & General Counsel Robin Westcott presented the results of a Proof of Concept (POC) testing whether openIDL could support a COVID-19 Business Interruption Data call issued by the NAIC.
The meeting served as the kickoff for the openIDL Regulatory Reporting Steering Committee (RRSC). Ms. Westcott provided highlights from the positive findings set out in report published by AAIS declaring that Distributed Ledger Technology had passed the test enroute to even broader applications across the industry.
by AAIS – American Association of Insurance Services
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