US-based Wolters Kluwer Financial Services has released an updated version of its NILS INcompass solution to help insurance organizations better manage regulatory implementation risk and simplify the daily tasks faced by their compliance departments.
According to company, NILS INcompass is a workflow tool that helps compliance and legal professionals monitor and implement ongoing regulatory changes within their insurance organizations. The solution also helps insurers keep track of their progress in applying new industry laws and regulations.
The latest NILS INcompass enhancements allow users to: accomplish required tasks in less time; gain greater control and a clearer picture of risk and increase awareness of compliance-related documents.
Wolters Kluwer Financial Services general manager of insurance compliance solutions Pam Ewing said by further embedding deep compliance expertise with new functionality in the NILS INcompass platform, the firm can help insurers gain confidence that new and changing laws and requirements are implemented throughout their organization.
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise.