When it comes to licensing insurance adjusters, speed is a must and simplicity is a wish. Insurers and TPAs (“firms”) must deploy adjusters quickly to process claims promptly but, differences in state requirements make licensing difficult.
Many insurers and claims services firms succumb to the complexities of adjuster licensing because they lack efficient technology and expert resources. Claims stall as they slog through tedious manual processes and struggle to learn laws state-by-state.
In this Executive Brief, we discuss how firms that have been most successful in speeding adjuster licensing and avoiding infractions have been those that have leveraged built-for-purpose licensing and registration technology and have engaged managed services providers with adjuster-licensing expertise.
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RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.
Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.
Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.