Data Residency
A plain-English definition from the DeployIT insurance technology glossary.
In short: The requirement or practice of storing and processing data within a specific country's borders, a standard expectation for Indian BFSI platforms.
Related terms
- DPDP Act
- India's Digital Personal Data Protection Act.
See it in practice
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.