NAIDC 2025 is the acronym for the National Association of Insurance Commissioners (NAIC) Insurance Data Standards project with a target completion date of 2025. The purpose of this project is to modernize the insurance industry’s data standards and improve the efficiency and accuracy of data exchange. The new standards will be based on modern technology and will be more flexible and scalable than the current standards.
The NAIDC 2025 project is a major undertaking that will impact all stakeholders in the insurance industry. Insurers, agents, brokers, and regulators will all need to adopt the new standards. The project is expected to take several years to complete, but the benefits of the new standards will be significant. The new standards will make it easier to exchange data between different systems, reduce the cost of data exchange, and improve the quality of data.
