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.
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.
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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