Conform™ for Insurance
Compliance with the FSA and other regulatory bodies is now an absolute requirement for
doing business in the insurance industry. Communicating rules and regulations, policies
and procedures across and enterprise can be a major burden to any organisation.
Every regulated business has a responsibility to adhere to legislation and regulations. These may
be external – Markets in Financial Instruments Directive (MiFID); Know Your Customer (KYC); Anti Money Laundering (AML); Treating Customers Fairly (TCF); New Conduct of Business (NEWCOB); Sarbanes-Oxley (SOX) - imposed by government or industry specific regulators; These may be internal – Internet Usage; Sex, Race & Age Discrimination; Health & Safety; Codes of Conduct –
the policies that you must have to run your organisation: They are all fundamental to the success
of your business.
Just having Policies & Procedures in place, posted on the corporate intranet, sent in paper form
or by email, is simply no longer sufficient. They must be read and you must be able to provide evidence that they have been securely communicated, received and crucially, understood.
CONFORM™ provides certainty – and evidence to Senior Management, Regulators and Auditors that statutory compliance and internal operating procedures; and best practices are accurately deployed and communicated; and that employees’ competency is measured and enhanced.
Conform Interview on Acord TV
Kai Vaksdal - Product Manager for Policies & Procedures Solution Conform discusses the need for organisations to be sure employees have received and read policies/procedures, as regulation
in the insurance sector increases.
To see the interview click here
Benefits
- Proof and Certainty that staff have received, read and understood policies and procedures
- Reduce the Risk of Damage to Reputation and financial loss (fines)
- Provide Evidence of good Governance, Best Practice and Compliance
- Reduce time spent writing, printing, sending and chasing policies and staff
- Comprehensively test staff understanding of rules and regulations (internal and external)
Click here to request more information