Life insurance industry national compliance regulatory requirements and analysis of future direction for integration with compliance tracking platform

点击翻译按钮获取中文摘要

VigilantCS is a provider of intelligent, cloud-based, staff-conduct risk platforms for the financial securities industry. Their software solutions lower compliance-related costs by providing best practices, tracking current issues, and mitigating future challenges. The VCSOpen Staff Compliance Platform, the flagship product of VigilantCS, provides the financial securities industry with comprehensive functionality to manage the compliance needs of registered securities staff through a single, staff-facing portal. VigilantCS has identified the life insurance industry as their next target market, as compliance oversight provides significant opportunity to improve operational efficiency, lower costs, and reduce risk. VigilantCS is collaborating with Seneca to research the life insurance industry regulatory environment, assess current and future needs and concern, create validated use-cases for a variety of users, and provide recommendations for important regulatory information and risks to a variety of user types in the insurance industry. The result will be an assessment and framework VigilantCS can rapidly implement into their VCSOpen architecture to support use of their product in the life insurance industry.