Wolters Kluwer Financial Services Introduces AuthenticWeb for Contract Provisions
Product transforms regulatory compliance from burden to competitive advantage for life and health insurers
MINNEAPOLIS – (September 28, 2006) – Wolters Kluwer Financial Services today announced the release of AuthenticWeb™ for Contract Provisions, a desktop module allowing life and health insurers to focus on business objectives and improve speed-to-market, without expending resources unnecessarily to perform compliance monitoring, tools maintenance and contract revisions to meet state approval requirements.
Life and health insurers face aggressive competition in bringing new and innovative products to market quickly. Falling behind in the introduction of a new product can result in millions of dollars of lost revenue. At the same time, insurers must increase speed-to-market in an era of complex and frequently changing regulatory requirements, as well as reduced internal resources.
“AuthenticWeb for Contract Provisions transforms the burden of regulatory compliance into a competitive advantage by providing insurers with a streamlined approach to help ensure compliance with state requirements,” said David Stephens, executive vice president of the Securities and Insurance unit at Wolters Kluwer Financial Services.
“This allows insurance companies to focus on business objectives and more effectively compete in the marketplace.”
AuthenticWeb for Contract Provisions accomplishes this through several key features:
* Expert summaries helping insurers obtain answers to key regulatory questions impacting the development of contract language;
* Required Language Links expediting the creation of policy language through immediate access to state-mandated language excerpts;
* E-mail alerts keeping insurers abreast of regulatory changes by subject matter, jurisdiction and line of business; and
* Industry expertise—AuthenticWeb is developed and maintained by our experienced staff of industry professionals, insurance attorneys and former insurance regulators—who understand the unique needs and concerns of insurance compliance professionals.
AuthenticWeb for Contract Provisions is part of the AuthenticWeb family of products, which consist of over 30 desktop modules designed to help companies proactively establish compliance in workflow processes, reduce research costs, and improve compliance communication. Modules can be purchased individually or in various packages. And, many of these solutions can be incorporated into your existing systems to further enhance productivity. Print manuals and “cheat sheets” add additional efficiencies to your compliance activities. You can learn more about these products by going to www.WoltersKluwerFS.com.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GainsKeeper®, CCH® Capital Changes, NILS INSource™, AuthenticWeb™, and CCH Wall Street. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, securities, and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com
- Contact Information
- Jennifer Ellison
- Director, Corporate Communications
- Wolters Kluwer
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.