Compliance reporting impacts your bottom line.
Staying on top of the increasing number of mandated reports to rating bureaus, state insurance departments, the NAIC and the federal government is time consuming, complicated and costly for property & casualty insurance carriers. Carriers are further challenged by their combination of legacy systems, modern systems, external data feeds and internal staffing attrition. The level of data quality is often inadequate and not normalized. This leads to rework, error corrections and potential fines for erroneous and/or late reporting. Our decades of compliance reporting experience, technical expertise and data management best practices ensure the accuracy and timeliness of your statistical reporting. We offer both functional and technical solutions through flexible services delivery models that consistently align with your business goals and objectives.
Our insurance data services experts reformat transactional statistics to conform to bureau requirements and manage and track data calls and submissions. We routinely handle statistical report submissions to bureaus, annual statement reconciliations, state special data calls and statistical bureau alternative analyses.
Our approach is to: Reformat transactional statistics to conform to bureau requirements, edit and scrub data using bureau validation tools, ensure timely and accurate statistical submissions, and provide analyses to support the selection of a statistical agent
We provide comprehensive property & casualty compliance reporting services: ISO, ISS, NISS, and AAIS reporting, NCCI and independent workers compensation bureau reporting (WCPOLS/POC, WCSTAT, financial calls, DCI, and medical calls), special data reporting to DOIs and rating bureaus, NAIC market conduct annual statement (MCAS), and CMS medicare secondary payer reporting.