Insurance companies today face an increasing number of regulations that seem to be in a never-ending state of change. Regulators are frequently criticizing insurers in exams for failing to implement a newly enacted or a changed requirement impacting the insurer’s operations. These failures can carry substantial penalties and negative brand exposure. With today’s complex regulatory structure and high-level of compliance risk, organizations must replace manual, outdated and inefficient regulatory change management systems.
Wolters Kluwer’s regulatory change management solution helps organizations of all sizes effectively manage the process of change in their compliance programs. By bringing content, workflow control and robust reporting capabilities to the regulatory change management process, we help organizations effectively manage change, prove compliance and make better business decisions.
Our configurable approach allows you to choose the solution that makes sense to your business, from simply automating and centralizing the regulatory change workflow, to improving the process end-to-end with integration into a compliance risk framework: