STAY ON TOP OF INSURANCE REGULATIONS

Protect your company’s reputation and standing with regulatory agencies by closing hidden operational gaps that could expose your organization to compliance violations. Work with experts whose deep knowledge of current insurance regulations can shield you from costly consequences.

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THE BEST DEFENSE IS AN EXPERT-ASSISTED OFFENSE

Operational gaps and regulatory compliance violations are always a concern for insurance companies—especially if you don’t realize they’re there. Perr&Knight’s Compliance and Operational Assessments/Training (COAT) services help agents, insurers, insurtechs, managing general agents (MGAs), third-party administrators (TPAs), and other insurance organizations reinforce operational best practices.

Process & Documentation Review

Our experienced compliance teams will review procedure documents, and manuals to ensure they are complete and adhere to regulatory requirements. We also interview key staff throughout your organization to identify gaps, then provide comprehensive training to ensure alignment between company policies and day-to-day practice.

Market Conduct and Financial Exam Readiness

Let our insurance regulation experts review your current processes and documentation for responding to a market conduct inquiry or exam or a financial conditions exam. We’ll train your teams to ensure alignment with regulatory standards including NAIC Market Regulations Handbook, the NAIC Financial Conditions Handbook, MCM Training, or other regulator guidance.

Market Conduct and Financial Exam Closure

Once the exam is done and the report is issued, turn to compliance specialists for help with closing out market regulation actions and exams. Our support services include draft responses, corrective action plans, benchmarking, and regulatory fine negotiation.

Mock Market Conduct Exams

Pressure-test your operations before coming under regulatory scrutiny by conducting a mock market conduct exam. Our experts can review your advertising, claims, licensing/appointments, regulatory compliance, policyholder services, underwriting, rate/rule/form policies, and more to compare against regulatory requirements, industry best practices, DOI positions, and/or internal controls. We then provide staff training to ensure preparedness in event of an exam.

WHO WE HELP

Our experienced actuarial, regulatory compliance and technology consultants will assist organizations of any size and at any stage in their development. We respect each company’s unique internal workflow and business goals and craft our solutions to align with our clients’ individual needs.

Insurance and Reinsurance Companies

MGAs, MGUs, and Program Managers

New Insurance Entity Startups

Insurance Agents and Brokers

Captive Insurers

Self-Insurers

Insurtech Firms

Insurance Investors

BROCHURE

Compliance & Operational Assessments / Training (“COAT”)

Operational gaps and regulatory compliance violations may cause financial and/or reputational damage to entities who operate in the U.S. property and casualty insurance market The gaps and violations are typically caused by internal inefficiencies, lack of proper controls, insufficient analysis or testing of processes and/or unfamiliarity with regulatory requirements.

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Compliance & Operational Assessment/Training

The Benefits of a Mock Market Conduct Exam
By Terri Hitchcock
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7 Reasons to Perform a Mock Market Conduct Exam Right Now
By Scott Whitaker
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Six Ways Experts Smooth the Transition to a New Policy Admin System
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3 Reasons You Need to Audit Your Operations Now
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MOVE FORWARD WITH CONFIDENCE

Whether you are developing a new insurance product, moving to a new software system, or launching an insurtech solution, our experts can help you every step of the way.

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