Wolters Kluwer deploys AI-powered OneSumX® Reg Manager for insurers to enhance carriers’ regulatory change management capabilities
Purpose-built solution helps small to medium-sized U.S. insurance carriers better track and manage compliance obligations
Minneapolis — August 13, 2024 — Wolters Kluwer Compliance Solutions has launched OneSumX® Reg Manager for insurers to help small to medium-sized U.S. insurance carriers bolster their regulatory change management efforts. This artificial intelligence (AI)-powered solution, underpinned by NILS INsource® regulatory content, represents the latest addition to the Wolters Kluwer OneSumX portfolio suite, a trusted, award-winning product line designed to help financial institutions across the U.S. more effectively navigate regulatory change.
“Our market-leading suite of insurance compliance offerings has been a cornerstone of reliability for years for insurance customers, offering a trusted, responsive and user-friendly resource to help more effectively manage ever-changing regulatory obligations across the insurance landscape,” said Vikram Savkar, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “OneSumX Reg Manager delivers a range of functionality, leveraging the power of AI with human-curated regulatory expertise to provide an unmatched level of regulatory compliance intelligence to smaller U.S. insurers.”
OneSumX Reg Manager features an automated, structured data feed of regulatory content from all relevant U.S. state and federal regulatory agencies—including AI-enabled authoritative source libraries and updates supported by a deep bench of Wolters Kluwer compliance expertise. Its automated tracking functionality helps organizations identify regulatory changes, map them to the appropriate lines of business, and monitor the implementation of relevant changes in a manner that documents and helps mitigate an insurer’s overall compliance risk, without the lengthy and expensive implementation of other regulatory change software.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. insurers, banks, credit unions, and securities firms. The business sits within the Wolters Kluwer Financial & Corporate Compliance (FCC) division and helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
For more information about Wolters Kluwer, please visit: www.wolterskluwer.com.
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