AuthenticWeb for State Filing Helps Life and Health Insurers Overcome Speed-to-Market Challenges
The Life & Health Edition Expands Wolters Kluwer Financial Services State Filing Tools
BOSTON – Feb. 6, 2006 – Speed-to-market is a top concern of insurance companies as they introduce new products, and delays can cost millions of dollars. One of the most common events that can delay a new product release is when a state filing request is denied due to an inaccurate filing. The insurer is forced to start from the beginning and complete the entire filing process again. Now with AuthenticWeb for State Filing – the Life & Health Edition from CCH INSURANCE SERVICES, a part of Wolters Kluwer Financial Services, life and health insurers can easily prepare more accurate state rate and form filings the first time, gaining speedier approvals and time to market.
AuthenticWeb for State Filing is a combination search engine and transmittal form automation tool specifically designed for product filers. The web-based tool helps state filers identify requirements in one or many jurisdictions and product lines, allowing them to quickly and easily prepare multiple and complex filings. Filers can intuitively access easy to read summaries of rate and form filing requirements covering all major product lines in all jurisdictions. A transmittal forms tool automates redundant data entry for multi-state or multi-carrier filings.
AuthenticWeb for State Filing is maintained by CCH INSURANCE SERVICES’ staff of regulatory compliance analysts, and is constantly updated as requirements change, helping to ensure that filings are being completed using the most current and accurate information available.
“Product filing can be a challenge if you don’t use the right tools to tackle it appropriately,” said David Stephens, vice president of the Securities and Insurance unit of Wolters Kluwer Financial Services. “Since speed-to-market is such a critical role in insurance companies’ growth, it is more important than ever to simplify the process and complete filings accurately -- the first time. AuthenticWeb for State Filing is the perfect tool to help product filers accomplish that.”
In addition to the new Life & Health Edition, AuthenticWeb for State Filing is also available for property and casualty insurers through its Property & Casualty Edition.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services, a market leader and strategic customer unit of Wolters Kluwer, provides best-in-class compliance, credit, and operational risk management and work flow services and solutions; as well as capital changes and corporate actions data and tools to banks, credit unions, mortgage companies, securities organizations, and insurance companies throughout the United States. Its well-known brands include Bankers Systems, Atchley Systems, VMP Mortgage Solutions, PCi Corporation, GainsKeeper, CCH INSURANCE SERVICES, CCH Wall Street, CCH Capital Changes, and CT INSURANCE SERVICES. The organization’s solutions include documentation and documentation platforms; analytics; regulations and statutes tools; and capital changes and corporate actions services—all focused on helping its customers manage risk while becoming more efficient, productive, and responsive. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading multinational publisher and information services company. The company’s core markets are spread across the health, corporate services, financial services, tax, accounting, law, regulatory, and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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