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.
ComplianceJune 30, 2020
COVID-19-Related Regulatory Compliance Resource | June 2020 Review
Global Financial Services Synopsis
COVID-19-related regulatory activity decreased for a second month. It constituted 14 percent of worldwide financial industry regulatory activity in June 2020. As of last month, Europe led the world by creating nearly 2,000 COVID-19-related updates since January 1, 2020.
U.S. Insurance Synopsis
COVID-19-related regulatory activity among U.S. Insurance companies fell to 27 percent in June 2020. Regulatory bodies of Massachusetts, Pennsylvania, and Washington are still tied for producing the most updates since January 1, 2020; Louisiana rose from 3 percent to 4 percent of the total percentage of COVID-19 U.S. Insurance regulatory activity. COVID-19 has impacted all business lines of U.S. Insurance companies, but Commercial P&C and Health lines continue to experience the most significant impact.
OneSumX® for Regulatory Change Management