We have witnessed the creation of thousands of COVID-19-related regulatory updates in 2020. These charts are generated from our OneSumX® for Regulatory Change Management software that depicts the impact COVID-19 has had on the regulatory landscape.
ComplianceApril 30, 2020
COVID-19-Related Regulatory Compliance Resource | April 2020 Review
Global Financial Services Synopsis
COVID-19-related regulatory activity is dominating the global landscape. Nearly 28% of global regulatory activity in April was related to COVID-19, a sharp increase from January. Much of this activity emerged from North America and Europe with 1,042 and 1,136 updates, respectively, since January 1, 2020.
U.S. Insurance Synopsis
Among U.S. Insurance companies, COVID-19-related regulatory activity has spiked dramatically from January 2020 to April 2020 by almost 50%. Massachusetts generated the most activity, followed by Pennsylvania and Louisiana. COVID-19 has impacted all business lines, but Commercial P&C and Health lines have experienced the greatest impact.
OneSumX® for Regulatory Change Management