Insurer selects NILS™ offerings to further enhance its compliance capabilities
Los Angeles-based Just Auto Insurance is further strengthening its compliance program efforts through the use of Wolters Kluwer Compliance Solutions offerings. To bolster its regulatory compliance capabilities, Just has selected NILS™ INsource® while also implementing NILS™ Matrices, NILS™State Filing, and NILS™ Cancellation & Non-Renewal.
“Ensuring compliance with insurance regulations and rules that differ depending on the state in which you operate has always been a significant and ongoing challenge,” said Natasha Brereton, Head of Compliance for Just Auto Insurance. “The NILS solution suite is helping us meet those challenges, providing a cost-effective and more efficient approach to managing ever-evolving rules and requirements. Our compliance program efforts are significantly enhanced through the combination of these offerings that are 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. NILS™ INsource is used as a definitive primary content resource by nearly 7,000 insurance professionals and departments in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
“The NILS INsource suite of solutions offers 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 pleased to collaborate with Just Auto Insurance in delivering these enhanced capabilities to augment their existing compliance program initiatives.”
NILS Matrices enable insurers to easily create and maintain compliance surveys and charts, providing regulatory information in a flexible U.S.-jurisdictional chart format to help reduce time spent researching and maintaining requirements, while improving compliance results. NILS State Filing is a web-based research and transmittal forms tool designed to help state filers minimize speed to market delays and reduce processing time. And NILS™ Cancellation & Non-Renewal provides insurers accurate and efficient processing of cancellation, nonrenewal and conditional renewal notices with flexible workflow options, current forms and compliance monitoring tools.
Just Auto Insurance, Inc. is a subsidiary of SF Insuretech Inc, a Delaware Corporation. Whereas traditional auto insurance is based around the idea that certain groups of people are more likely to get into accidents, Just Auto Insurance is based on how people actually drive. Its smartphone app tracks how people drive and rewards smart driving behaviors, as reflected in one’s insurance rates. To learn more, visit http://www.just.insure.