Continuously updated, expert-curated regulatory content match well with digital insurer’s offerings
Clearcover Insurance Company, based in Chicago, has selected several offerings within Wolters Kluwer Compliance Solutions NILS™ INsource® solutions suite to help enhance compliance efforts on behalf of its car insurance customers. Along with its incorporation of NILS™ INsource® capabilities, Clearcover has implemented four other modules within the suite, including NILS Market Conduct for Property & Casualty; NILS Cancellation & Nonrenewal; NILS State Filing; and NILS Matrices.
NILS™ INsource® provides a web-based tool for efficient and effective research, allowing insurers to monitor the vast array of regulatory material and readily assess compliance ramifications of evolving insurance obligations. Insurance compliance professionals can obtain focused, accurate content in significantly less time by leveraging the tool’s insurance terminology indexing and compliance topic and subtopic category database, vastly enhancing their compliance efforts.
Established in 2016, Clearcover offers car coverage to customers in Arizona, California, Illinois, Ohio, Louisiana, Texas, Utah, Nebraska, Oklahoma, Louisiana, Indiana, Pennsylvania, Maryland, Georgia, Missouri, and Wisconsin. The company has grown rapidly and, with further expansion planned, is on a quest to position itself as the premier digital insurance company for the digital customer, making insurance more convenient in the moments a customer needs it.
“Given our growth in recent years across an increasing number of states nationally, we recognized the need to ensure that our compliance practices were keeping pace with the enthusiastic market response we have seen with our offerings,” said Derek Brigham, Chief Operating Officer of Clearcover. “Wolters Kluwer’s domain expertise, technology, and compliance content make it the right partner for our compliance efforts and positions Clearcover to optimize services for our customers.”
“For years, NILS Insource has been a cornerstone of reliability for our Insurance Compliance customers, providing insurers a trusted, responsive and user-friendly resource to help them consistently manage complex and ever-changing compliance and regulatory obligations across the insurance landscape,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “The INsource platform features content from a broad range of insurance industry professionals who contribute their expertise to maintaining and updating NILS™ INsource® content with the most current developments in the industry. We welcome Clearcover to our family of NILS expert solutions for the insurance industry.”
NILS™ INsource® is viewed as a definitive primary content resource for almost 7,000 insurance professionals and departments in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Ninety-two percent of the leading property and casualty insurers purchase at least one compliance product from Wolters Kluwer.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. insurance companies, banks, credit unions, and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ OneSumX® for Regulatory Change Management helps financial institutions effectively manage the enormous breadth, scope and volume of ever-evolving legislative and regulatory changes, providing structured, actionable content to help ensure compliance. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. In addition, CT Corporation’s Covid-19 resource center provides businesses and law firms with international, federal and state legislative updates.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
About Clearcover Insurance Company
Clearcover is the smarter car insurance choice, offering better coverage for less money. Clearcover’s customer-first, service-focused model powered by advanced technology delivers a convenient, reliable, and affordable experience. Built for today’s driver, Clearcover takes the guesswork out of car insurance, making it easy to save money, get insured, and get serviced on the go. Learn more at https://clearcover.com/ and keep in touch at @clearcover or visit https://www.facebook.com/Clearcoverinc/.