RFID Uses In The Insurance Industry

When you work in the insurance industry you are all too aware of the rules and regulations that govern it. Corporate accountability, operational efficiency and compliance are key aspects in developing the respect of your customers and making your industry effective.

With insurance there is a lot of paper, and managing these files and documents that are full of sensitive information properly is paramount. With GAO RFID tags on documents and/or safe deposit boxes, it allows them to be instantly tracked and accurately located no matter where they are in the system. What’s better is that readers don’t require line of sight to read the tag information meaning they can be stored anywhere. Depending on manual tracking of documents is time consuming and takes up a large amount of your resources, with tags you eliminate human error and using a hand held reader can instantly track them at a moment’s notice.

Insurance companies own expensive IT equipment that can also be tagged to be tracked and also prevent loss. If you are ever called upon to perform an inventory check, instead of doing it manually which can take days to complete and also takes lots of manpower away from other tasks, a single operator with a hand held reader device can accurately complete the task in a matter of hours providing instant equipment inventory visibility.

Managing personnel and controlling access to the building is always something to look at in terms of safety, especially within insurance companies. These offices are usually very large and house a large number of staff. Tracking personnel, verifying their identities and keeping track of their time worked can all be done simply by assigning each employee a RFID badge that they wear while at work. Also on the safety side, RFID can help to control access to various branches or zones of the office to keep unauthorized personnel and visitors out. Parking garages can also benefit from this technology, allowing only those with a valid pass to park there.