CSIO Congratulates Definity Financial Corporation for Achieving API Security Standards Certification
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(Toronto - November 27, 2024) Definity Financial Corporation (Definity) has successfully implemented CSIO’s Application Programming Interface (API) Security Standards, earning them CSIO’s API Security Standards Certification.
These Standards, created by CSIO’s INNOTECH Advisory Committee and its API Security Working Group, provide insurers and Broker Management System (BMS) vendors with a standard authentication and authorization API model. When an insurer or BMS vendor becomes Certified, they verify that all security concerns for API endpoints are mitigated. With this Certification, Definity’s broker partners can be confident that their data remains secure when accessing an API endpoint, such as obtaining a quote in their BMS.
“Definity continues to pursue our ambition to be one of Canada’s most innovative property and casualty insurers by implementing solutions that benefit our customers and broker partners,” said Tatjana Lalkovic, Senior Vice President and Chief Technology Officer, Definity. “This Certification provides brokers peace of mind that authorization and data flows are fully secured.”
“We continue to invest in cyber security to support our commitments to customers and brokers,” added Bill Pearce, Vice President Information and Cyber Security, Definity. “This certification is an example of how we are ensuring we are adhering to the highest industry standards as outlined by CSIO.”
“The CSIO team applauds Definity on achieving the API Security Standards Certification,” said Catherine Smola, President & CEO of CSIO. “Definity’s Certification demonstrates their strong commitment to API security measures, further optimizing real-time data exchange with brokers.”
The Working Group recently completed their annual review and updated the API Security Standards to ensure they are aligned with security best practices. The updates provide more enhancements to help insurers and BMS vendors understand which risks to mitigate based on security methods used for implementing APIs. View the latest API Security Standards on csio.com.
In addition to Definity’s API Security Standards Certification, more insurers and BMS vendors are actively pursuing their own Certifications. Discover how to become Certified at csio.com.
About Centre for Study of Insurance Operations (CSIO)
CSIO is Canada’s industry technology association of property and casualty insurers, vendors and over 43,000 brokers. CSIO is committed to driving innovative solutions that enable the best insurance experience in Canada by overseeing the development, implementation, and maintenance of technology Standards and solutions, such as CSIOnet, eDocs, and My Proof of Insurance. For more information, visit csio.com.
For further information, please contact:
Igor Rakic | Senior Communications Manager
110 Yonge Street, Suite 500 | Toronto, ON M5C 1T4
(647) 446-0649 | 1 (800) 463-2746 x2300
irakic@csio.com | www.csio.com
About Definity Financial Corporation
Definity Financial Corporation (“Definity”, which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with approximately $4.4 billion in gross written premiums for the 12 months ended September 30, 2024 and approximately $3.1 billion in equity attributable to common shareholders as at September 30, 2024.