Take the Complicated Out of Insurance Compliance with Market Conduct Auditor® at the IRES Foundation 2023 National School
As an insurance professional, you’re no stranger to compliance issues. The regulatory landscape can be bewildering, especially with the constantly changing regulations and requirements.
That’s why, at Lou Penn & Associates, we’re proud to offer our industry-changing software — Market Conduct Auditor® — designed to simplify and streamline insurance compliance. With a special promotion available for attendees at the IRES Foundation 2023 National School on Market Regulation from April 16th – 18th, 2023, savvy compliance teams will soon experience unprecedented ease in accessing market conduct data.
To ensure you don’t miss this amazing opportunity, join Lou Penn & Associates at the IRES Foundation 2023 National School on Market Regulation from 12:30 to 1:00 on Tuesday, April 18, 2023.
How Turnkey Insurance Software Will Take the Complicated Out of Insurance Compliance
Both insurance agents and brokers need to stay on top of the latest regulatory changes to ensure they’re operating within compliance. But managing insurance compliance issues isn’t an easy task; it requires time, attention to detail, and expertise.
To help reduce this burden, the team at Lou Penn & Associates created turnkey software for insurance compliance: Market Conduct Auditor®. This software transforms the compliance landscape by allowing you to quickly and effectively find compliance issues and minimize your risks.
Here are five ways turnkey insurance software can simplify insurance compliance, making it easier for insurance professionals to manage.
1. Streamlined Audits
In the past, preparing for compliance audits could be tedious, time-consuming, and daunting. But with Market Conduct Auditor®, you can easily search for compliance issues based on specific needs and audit areas.
2. Simplified Market Conduct Criticisms
The software also simplifies the analysis of existing Market Conduct Criticisms (MCC), which is, of course, an essential part of the compliance process. Market Conduct Auditor® can sort through MCC with ease and highlight crucial language in yellow, reducing the time and resources that would be required to find relevant factors.
3. Customizable Reports
Every insurance company has its unique compliance policies, procedures, and reporting. Market Conduct Auditor® helps companies customize their compliance reports to meet their unique requirements.
4. Risk Management
Compliance issues can pose a significant risk to any insurance company. A single violation can result in hefty fines and lawsuits, ultimately leading to the loss of business. With Market Conduct Auditor®, you have the right tools to minimize risks associated with non-compliance.
5. Improved Accuracy
Market Conduct Auditor® improves accuracy by automating the compliance management research process. The software identifies where other companies have been fined for critical issues, inconsistencies, and conflicts in compliance policies. Knowing where examiners are focusing their efforts will help ensure your own compliance with regulatory requirements.
Ready to Take the Complicated Out of Insurance Compliance?
Don’t miss out on the chance to take the complicated out of insurance compliance! Join us at the IRES Foundation 2023 National School on Market Regulation from April 16th – 18th, 2023 and unlock a whole new world of efficiency with the Market Conduct Auditor®.
By joining Lou Penn and the team from 12:30 to 1:00 on Tuesday, April 18, 2023, you’ll be able to access Market Conduct Auditor® for 50% off your first year!