• Insurance Companies

  • Banks and Securities Firms

The market conduct examination process for insurance companies is complex, time-consuming and costly. A common practice to tackle these challenges is to conduct a risk-based approach to one’s business. Under a risk-based model, companies identify the business practices that are of significant regulatory interest or that have resulted in significant regulatory fines and ensure that those areas of increased risk are compliant. Access to market conduct exam criticisms is a critical link for companies to identify those compliance risks, which are typically regulatory hotspots.

Wolters Kluwer’s NILS™ MCE solutions offer the following benefits:
  • Access to market conduct exam criticisms
  • Ability to perform self-audits
  • Easily review state requirements for a specific line of business
  • Linked legal requirements to subject categories and terms
  • Reporting to ensure compliance accountability
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Financial institutions facing regulatory scrutiny need a solution to help manage regulatory exams and inquiries, which ultimately can help to avoid fines and unwanted publicity. Let Wolters Kluwer be your partner during your regulatory examination execution.

 

  • Manage regulatory exams for a line of business or function
  • Perform readiness assessments
  • Review recent regulatory changes
  • Review open and closed issues from past regulatory exams


OneSumX® for Exam and Inquiry Management Product Sheet
Regulatory Exam Management for Financial Institutions
An integrated and streamlined approach to improve regulatory examination and inquiry management.
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