Ongoing Risk Assessments

"Ongoing Risk Assessments Assist a Company with Compliance"

Insights, The Institutes CPCU Society; Spring 2021

The Regulator; Insurance Regulatory Examiners Society (IRES); August 3, 2020

This article highlights the importance of self-audits in insurance companies to assess compliance efforts. As a best practice, regular self-assessments should be integrated into a company's compliance framework to help ensure regulatory adherence. The article also provides examples of effective self-assessment strategies.