Markets
Insurance Industry
States are intensifying audits and requiring insurers to routinely match policyholders to the SSA Death Master File (DMF). APEARS®, with over 99% accuracy, is the only commercially available solution widely accepted by states to streamline audits and ensure ongoing compliance.
With five decades of data management expertise, CCC supports insurers through the audit process. We cleanse, rehabilitate, and match name and address records to identify deceased policyholders, while linking multiple accounts to common owners using Transfer Agent-approved householding algorithms.
How CCC Can Help
The insurance industry faces unprecedented scrutiny following the high-profile John Hancock settlement, leaving many uncertain about compliance requirements. CCC eliminates the guesswork with its patented Abandoned Property Escheat Assignment & Reporting System (APEARS®), which meets state and audit mandates by performing fuzzy matching against the SSA Death Master File (DMF) to identify deceased policyholders.
APEARS® has been instrumental in major insurance company demutualizations and exceeds compliance standards, including the John Hancock Global Resolution Agreement (JHGRA), Prudential and MetLife GRAs/RSAs, and state-specific regulations such as NY’s Reg-200—all with over 99% accuracy.