Building Trust in the Age of AI: Why SOC Compliance Matters for Insurance

What this means

SOC (Service Organization Control) reports are industry-recognized audits that evaluate how companies safeguard and manage customer data. Here’s the breakdown:

• SOC 1: Assesses financial reporting controls.
• SOC 2 Type II: Validates that security and privacy controls operate effectively over time.
• SOC 3: Provides a formal, executive-level summary of these controls for external stakeholders.

For Vellum, achieving all three confirms that our systems, processes, and controls are not just well-designed but consistently effective in protecting client data.

Why it matters to our clients

AI ensures speed and intelligence. Applied responsibly, it turns challenges into opportunities without sacrificing stability or trust. Our SOC compliance ensures that all of this innovation rests on a secure, transparent, and independently validated foundation.

Our clients include leading, global insurance and reinsurance companies. They need data that’s more transparent, workflows that are more automated, and insights that are more actionable. They partner with us because:

• We understand the complexity of portfolios, exposure, and reinsurance relationships because we’ve lived it.
• Data expertise ensures accuracy. We structure information in ways that reduce risk and increase clarity.
• Technology expertise ensures scalability. We build systems that grow with your business.

The bigger, global picture

Insurance is, at its core, about trust. As the industry embraces AI, that trust becomes even more essential. At Vellum, compliance isn’t a checkbox. It’s a demonstration of how we’re pairing decades of industry knowledge with the responsible application of AI to create a future where insurers and reinsurers can innovate confidently.

This milestone was achieved with the dedication of our team, the support of our advisors at Eden Data, and the independent audit conducted by Sensiba. It reflects our belief that security, transparency, and responsible AI are inseparable from innovation.

We’re excited about what comes next: continuing to help insurers and reinsurers scale globally, work smarter, and serve their clients better, with AI you can trust.