and Insurance Know-How
Regulatory compliance is a critical capability for all insurers, and it is often seen as one of the top strategic priorities for a company. That being said, there are thousands of regulatory updates in any given year. Simply analyzing and understanding what the changes are is a very onerous and costly task and makes it a significant challenge to keep up with the current version of ISO. Insurers can spend a significant amount of time trying to interpret the changes before they even begin to translate the updates to their policy administration system. Propagating the changes to systems is not a simple task either. This can be very cost prohibitive for smaller insurers.
Smaller insurers need a way to manage ISO lines of business in a more cost-effective way—to stay compliant without breaking the bank.
Download this brief to learn how you Oceanwide can help ease the costs for smaller insurers.