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.
ComplianceMay 31, 2020
COVID-19-Related Regulatory Compliance Resource | May 2020 Review
Global Financial Services Synopsis
While COVID-19-related regulatory activity decreased from April to May, it comprised nearly 20% of worldwide financial industry regulatory activity last month. North America and Europe are still producing the majority of COVID-19-related regulations, with 1,511 and 1,487 updates, respectively, since January 1, 2020.
U.S. Insurance Synopsis
Among U.S. Insurance companies, COVID-19-related regulatory activity declined slightly in May 2020 compared to April, but is still a dominant topic. Regulatory bodies of Massachusetts, Pennsylvania, and Washington are now tied for producing the most updates since January 1, 2020. COVID-19 has impacted all business lines of U.S. Insurance companies, but Commercial P&C and Health lines have experienced the most significant impact.
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