Managing agent licensing is a business-critical function for insurers and agencies. But as insurers and agencies look to grow, they face increasing complexity in the compliance practice. Increasing M&A, territorial expansion, and changing regulations make it difficult for insurers to react quickly and meet the needs of a rapidly scaling agency population. While the traditional way of handling licensing has been insourcing the process with a team of specialists, advanced licensing technology, which is focused on license management, can provide tools to optimize this process. Outsourcing this process is another tactic that a growing number of insurers, agencies, and call center operations are embracing.
This webinar looked at the different challenges faced by insurers, agencies, and call centers in the compliance process. We laid out some of the factors to consider when deciding whether to purchase technology designed specifically to manage the compliance process — or whether to consider managed services.
Topics we covered:
Karlyn Carnahan, CPCU
Head of Insurance, North America
Tom Moore, CIC
Vice President – Finance & Accounting Operations
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.