RegEd Hosts NAIC Market Regulation Update and Market Conduct Exam Best Practices Webinar for Compliance, Legal and Risk Management Professionals in the Insurance Industry
RegEd, the leading provider of compliance and risk management technology to the insurance and financial services industries, presented the webinar, "NAIC Market Regulation Update and Market Conduct Exam Best Practices" on October 26, 2017. The session featured Randy A. Helder, Assistant Director of Market Regulation, National Association of Insurance Commissioners (NAIC), and RegEd regulatory and technology subject matter experts. Attendees included executives and senior managers from Compliance, Legal and Risk Management across the insurance industry.
The webinar provided attendees with insight into select NAIC working groups, including the Market Conduct Examination Standards Working Group and the evolution of the Market Regulation Handbook. The discussion included the Market Actions Working Group and their review and analysis of market regulation issues of national impact. In addition, the webinar focused on the Market Conduct Annual Statement (MCAS) as a catalyst for market conduct examinations. Merlinda Johnson, Director of Insurance Regulatory Compliance at RegEd, stated, "We were happy to host this webinar. Attendees benefitted from Mr. Helder’s insight surrounding NAIC market regulation objectives and priorities.” Johnson continued, “It is imperative that the insurance industry continuously engage with the regulators and remain current on evolving market conduct best practices. By doing so, companies can mitigate the risk of being subject to increased market conduct investigations and examinations.”
Mark Pfeifer, CODE Enterprise Solutions Product Strategy and Business Development leader at RegEd commented, "consumer and regulator expectations, as well as their use of technology, are outpacing the technology insurers use for market conduct exams. Firms need to at least be thinking about for-purpose exam technology; something that puts them in a ready posture before an exam starts, and ideally helps them avoid an exam."
For more information regarding RegEd's Enterprise Compliance Management Solutions for Insurance Companies, please call 800-334-8322 or email firstname.lastname@example.org.
RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. For more information, please visit www.reged.com.
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.