Specialty, Limited Lines and Regional Insurers
Specialty, limited lines, and regional insurers can enjoy the same high-quality, sophisticated solutions typically thought reserved only for multi-line, national, or global carriers. Our flexible, scalable platforms allow us to offer solutions meeting needs of smaller carriers with affordable subscription options.
Compliance challenges are not unique to large insurance carriers. Smaller carriers must also find, analyze, and implement the same regulatory requirements with the same pressures as their larger counterparts. With limited staff performing multiple functions and fewer resources available, the challenges are in many ways greater for the smaller carrier. With increasing regulatory complexity and demands on staff to do even more, access to information and tools that improve productivity and reduce compliance risks has never been more critical. Wolters Kluwer Financial Services can help you overcome these challenges with scaled solutions that achieve results and give you the peace of mind you need from your compliance program.
Wolters Kluwer Financial Services Solutions
Your organization can have access to the same sophisticated solutions and regulatory information as larger carriers for typically substantially less than performing research in-house.
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The Challenge
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Regulatory
Research
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Workflow
Compliance
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Audit, Oversight and
Regulatory Implementations
The Challenge
Getting the information your organization needs is difficult without dedicated staff to perform the research, analysis, and disseminate it to all who need to know. Further, if you are attempting to accomplish this by researching state web sites, you are missing information and potentially creating costly compliance risks. State insurance department web sites only offer a piece of the regulatory information you need. To get the complete picture, you need requirements from all of the various state and federal agencies as well. Without these related regulations you are missing requirements that could impact your business.
Performing the needed research and monitoring for changes can easily mean hundreds of hours of lost productivity for staff that are taken away from other needs of the business. Our compliance analysts monitor, analyze for meaning, and index all content regulating the business of insurance, giving you research you can depend on when you need it. From regulatory research to workflow compliance solutions and forms, our solutions deliver the tools you need to achieve the results you want.
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The Challenge
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Regulatory
Research
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Workflow
Compliance
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Audit, Oversight and
Regulatory Implementations
Regulatory Research
NILS Red Books. The only complete collection of insurance laws and regulations available in print, the NILS Red Books cover all jurisdictions, including related laws and regulations. The NILS Red Books offer a very affordable desktop resource available in full sets or by jurisdiction. Learn more.
NILS INsource®. Optimized for use by insurance professionals with unique insurance-based indexing and powerful search tools, NILS INsource is the leading Web-based insurance regulatory content solution. With NILS INsource, your staff can obtain the focused content they need, significantly reducing research time and increasing the effectiveness of compliance efforts. Learn more.
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The Challenge
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Regulatory
Research
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Workflow
Compliance
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Audit, Oversight and
Regulatory Implementations
Workflow Compliance
AuthenticWeb™ for Cancellation & NonRenewal. Failing to properly cancel or nonrenew a policy can result in increased claim activity, negative examination outcomes, and substantial costs. Underwriting staff can use AuthenticWeb to directly obtain easy-to-understand summaries of complex, state-specific regulatory requirements and process a variety of adverse decision notices quickly, easily, and above all compliantly. Learn more.
AuthenticWeb™ for Claims. Timely and fair claims handling is the primary concern of insurance consumers and a key metric for insurers of all sizes. Claims staff can use AuthenticWeb to directly obtain easy-to-understand summaries of complex regulatory requirements. Learn more.
AuthenticWeb™ for Contract Provisions. When contract language fails to meet state requirements, product release deadlines can slip and costs go up. Product Development staff can use AuthenticWeb to directly obtain easy-to-understand summaries of complex, state-specific regulatory requirements as well as correct contract provision language. As a result, state filings are done right the first time. Learn more.
AuthenticWeb™ for State Filing. Increase your speed to market and support your revenue goals by giving Product Filing Staff quick, accurate answers to compliance questions and access to related transmittal forms. The perfect compliment to SERFF and other filing services, AuthenticWeb for State Filing can ensure timely and accurate filings every time. Learn more.
AuthenticWeb™ for UM/UIM Coverage Rejection. AuthenticWeb for UM/UIM Coverage Rejection Forms is a web-based service that enables users to electronically access our state compliant forms and supplemental regulatory summaries addressing all state's mandated UM/UIM primary automobile coverage rejection items that must be confirmed in writing. Need help communicating coverage offering requirements? The AuthenticWeb Matrix for Auto Coverage Offerings can help. Learn more.
AuthenticWeb™ Matrices. Staff can refer to these affordable and current 50-state summary charts to research specific compliance topics and locate key requirements. Learn more.
Uniform Forms™. Easily access a complete library of more than 40,000 fully compliant Property & Casualty Insurance forms in print, electronic, and integratable formats from a single resource. Learn more.
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The Challenge
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Regulatory
Research
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Workflow
Compliance
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Audit, Oversight and
Regulatory Implementations
Audit, Oversight and Regulatory Implementations
ComplianceWare®. Property and casualty insurers can reduce or eliminate fines in future market conduct examinations by researching past examinations in their own and other jurisdictions, quickly identifying the areas of greatest concern to examiners, and addressing their own areas of non-compliance. Learn more.
NILS INsource Market Conduct Examination Module. Life and Health insurers can prioritize their proactive compliance efforts to perform effective self-audits, and effectively prepare for examinations with this application. Learn more.
NILS INcompass™. Manage your regulatory implementation process automatically and quickly respond to relevant regulatory changes with this customizable, easy-to-use solution. Learn more.