DORA: How Insurers Stay Compliant Now
Product, 10/02/2025
The digital transformation has firmly taken hold of the insurance industry. Technological change offers numerous opportunities but also brings significant challenges, particularly in the areas of IT security and regulatory requirements. One of the most significant new regulations in this context is the Digital Operational Resilience Act (DORA), which has far-reaching implications for insurance companies. But what exactly does DORA mean, and how can insurers ensure they remain compliant in the long term?
What changes with DORA?
DORA goes beyond existing regulatory frameworks and aims to strengthen the digital resilience of financial companies, including insurers. Insurers must implement new requirements in the areas of IT risk management, outsourcing, and cybersecurity. For companies that already meet the requirements of the insurance supervisory requirements for IT (VAIT), many aspects of DORA can represent an evolution of existing processes. The central challenge is to systematically identify and close gaps.
A comprehensive analysis is the first step to ensure compliance with DORA. Insurers should specifically examine how existing systems and processes can be adapted to the new requirements. A competent partner can be crucial in implementing optimizations efficiently and cost-effectively.
DORA is an ongoing process
DORA is not a one-time task but a continuous process. The regulation requires ongoing monitoring, regular adjustments, and maintenance of IT systems and processes. Especially for insurers, who often work with complex IT landscapes, these requirements can be resource-intensive. Therefore, it is crucial to focus on long-term solutions that not only ensure compliance but also enhance operational efficiency.
An experienced partner with expertise in the specific requirements of DORA can help companies meet these challenges. The goal is not only to achieve short-term compliance but to build sustainable digital resilience.
Our solution: Regulatory Factory
Sopra Financial Technology supports insurers with the "Regulatory Factory," a comprehensive solution that ensures regulatory compliance of IT operations and provides long-term support. Our solution covers the specific requirements of insurance companies and ensures that compliance does not become an operational burden. Insurers can focus on their core tasks while we ensure digital resilience and compliance.
Conclusion
DORA presents insurance companies with new regulatory challenges but also offers the opportunity to strengthen digital resilience and future-proof their operations. With the right strategy, a detailed analysis, and an experienced partner, insurers can successfully implement the requirements of DORA. Continuous maintenance and adjustment of the IT strategy are key to remaining competitive and compliant in the long term. Sopra Financial Technology is your reliable partner to successfully meet the complex requirements of DORA.
Tackle it with us, an experienced and reliable partner in the regulatory environment for the design, implementation, and operation of secure and appropriate ICT systems. Feel free to speak with our experts.
