RegEd, the leading provider of compliance technology solutions for the financial services industry, recently presented a webinar Regulatory Change Management: The State of Insurance Regulation and Compliance Best Practices in a Pandemic World. The webinar was co-hosted with The Association of Insurance Compliance Professionals (AICP), an organization offering the insurance industry compliance and ethics education, training, and opportunities to engage with industry experts and regulatory authorities.
Regulatory Change Management: The State of Insurance Regulation and Compliance Best Practices in a Pandemic World
Regulation of the insurance industry has been significantly impacted by the COVID-19 pandemic, resulting in an escalating rate of new and changed rules and regulations, building on the trajectory of recent years. Regulators, including state and federal entities, continue to expect insurers to administer effective programs for monitoring, tracking and implementing new and changed regulations amid the pandemic.
This presentation featured an expert panel including Merlinda Johnson, FLMI, ACS, Director of Insurance Regulatory Compliance at RegEd; Margie Webber, Director of Regulatory Compliance BD/IA at RegEd; De Keimach, ALMI, ACS, AAPA, AIRC, Director of Compliance at Delaware Life Insurance Company; and Debra Freitag, Chief Strategy Officer at RegEd. Panelists provided an overview of the regulatory landscape, including the influence that the pandemic has had on the volume and nature of regulation, and delivered a case study on the ways one leading insurer is applying technology and process best practices to streamline regulatory compliance.
“The pandemic has exacerbated trends that have been ongoing for years, as the avalanche of regulatory information that inundates insurers has continued to grow. As a result, a workflow-enabled, closed loop process for managing regulatory change has become more important than ever,” stated Debra Freitag, Chief Strategy Officer at RegEd. “As a longtime supporter, we value the important work that AICP does for the industry, and we appreciated the opportunity to present this session to their membership.”
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