Insurance Compliance Solutions

From increasing compliance requirements to new technologies and evolving customer expectations, the insurance industry is constantly and rapidly changing. Our insurance compliance solutions are focused on addressing specific compliance needs for insurance businesses to help them meet these challenges.

Claims Solutions

Failing to know and understand what is required in claims processing carries real and substantial negative consequences. Claims professionals must identify relevant requirements, understand how they affect their business and keep up-to-date with an ever-changing regulatory environment. This can be costly and time consuming. Claims departments must balance the need for compliance with the key business need to process claims quickly while controlling costs. A primary concern for regulators and consumers alike, compliant and timely claims handling is critical to an insurer's bottom-line.

Legal & Compliance Solutions

Legal and compliance professionals must research more than 250,000 legal citations, identify requirements that affect their business, interpret their meaning and practical application, and ensure that the requirements are effectively communicated throughout their organization to the people who need them. They must then monitor the organization and identify noncompliance risks, implement regulatory changes and corrective actions, as well as prepare and respond to market conduct examination requests. Legal and compliance departments must balance these increasing demands with key business objectives to reduce hard and soft dollars associated with compliance. Wolters Kluwer Financial Services provides solutions to help legal and compliance professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.

Policy Management Solutions

Policy management staff must research, monitor and implement a complex set of ever changing requirements related to policy issuance, including coverage, applications and endorsements to ensure that policies and certificates of insurance are issued and administered compliant with state and federal regulations. In addition, policy managers must ensure that policy distribution channels manage policies correctly and all changes are in compliance with regulations. Records retention errors related to policy management remain a top concern for both insurers and regulators. Policy management staff must balance these increasing demands with key business objectives to reduce hard and soft dollars associated with their efforts. Wolters Kluwer Financial Services provides solutions to help policy management professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.

Product Development

In a world where technology creates many new opportunities, insurance carriers are under increased pressure to create new products for risks that were not considered at the time many regulations were crafted. This presents some unique compliance challenges for product development professionals. Identifying requirements and analyzing how they may affect new products can be a time consuming and overwhelming challenge. Wolters Kluwer Financial Services provides solutions to help product development professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.

Product Filing

A critical function, insurers depend on product filing staff to gain filing approvals quickly to meet product release deadlines and revenue goals. Identifying relevant requirements, understanding how it affects the filing, and keeping up-to-date with an ever-changing regulatory environment can be costly and time consuming. Failing to know and understand what is required carries real and substantial negative consequences. Product filing departments must balance the need for compliance with the key business need to get products to market quickly while controlling costs. Wolters Kluwer Financial Services provides solutions to help product filing professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.

Sales & Marketing

Compliance errors in marketing materials or improper sales practices carries substantial and very public consequences for insurers. Sales and marketing professionals must ensure that all of their activities are compliant with a variety of regulatory requirements. Identifying relevant requirements, understanding how it affects sales and marketing activities and keeping up-to-date with an ever-changing regulatory environment can be costly and time consuming. Failing to know and understand what is required carries real and substantial negative consequences. Sales and Marketing departments must balance the need for compliance with the key business need to increase revenue and market penetration while controlling costs. Wolters Kluwer Financial Services provides solutions to help sales and marketing professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.

Underwriting

Accurate compliance information is critical to successful underwriting results. Underwriting professionals must identify relevant requirements, understand how it affects their business and keep up-to-date with an ever-changing regulatory environment. This can be costly and time consuming. Failing to know and understand compliance risks carries real and substantial negative consequences. Minimizing these risks are a key concern to underwriting activities and critical in achieving business objectives. Wolters Kluwer Financial Services provides solutions to help underwriting professionals meet these challenges and improve results. From research solutions that help you complete research projects more quickly, to high value content and process management solutions, we can help you get the content you need to drive better results more quickly and accurately.