Life insurance provider selects NILS™ INsource®, NILS™ MCE to foster enhanced compliance capabilities
San Francisco-based Ethos, a modern life insurance provider, continues to bolster its leading-edge compliance program through the use of Wolters Kluwer Compliance Solutions offerings. To strengthen its regulatory compliance and market conduct examination capabilities, Ethos has selected NILS™ INsource®. It has also implemented NILS™ MCE for Life and Health to augment its market conduct examination program efforts.
“Traditionally, the market conduct examination process had been a complex, time-consuming activity that expended considerable team resources, says Peter Colis, CEO and Co-founder at Ethos. “The NILS solutions are helping re-write that process, expediting the research and analysis of completed market conduct examination reports as well as facilitating our ability to prepare for and respond to market conduct examination results. Our compliance program efforts are markedly enhanced through the combination of these two offerings supporting our team.”
NILS INsource is a web-based tool for efficient and effective research, allowing insurers to monitor the vast array of regulatory content and to 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 uniquely indexed insurance content, thus providing greater accuracy and more relevant search results, and vastly enhancing their compliance efforts.
The web-based NILS MCE for Life and Health solution delivers an easy-to-use market conduct research tool, helping insurance companies research prior market conduct exam reports and enforcement orders, prepare and respond to current examinations, and maintain compliance with market conduct requirements.
“The NILS INsource suite of solutions gives insurers a solid foundation upon which to manage the breadth and complexity of ever-changing regulatory compliance obligations they face,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “We are excited to provide Ethos with these enhanced capabilities to augment their ongoing market conduct exam and compliance initiatives.”
NILS™ INsource® is viewed as a definitive primary content resource for nearly 7,000 insurance professionals and departments in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Ethos is a new kind of life insurance provider making getting coverage easy and accessible for millions of families. Ethos uses predictive analytics and sophisticated data technology to eliminate traditional barriers to life insurance and bring the industry into the modern age. The company built its technology from the ground up with a focus on creating a seamless customer experience; a mobile-first, online application process that takes minutes instead of weeks, and offering coverage without a medical exam for most applicants. The result is a life insurance company that puts people first. The company has offices in San Francisco, Austin, and Singapore. To learn more, visit www.ethoslife.com.
