Chicago, IL, USA
November 06, 2009

US Insurance Compliance Survey 2009: Doing More With Less

Report Published by Celent

Regulatory compliance requirements have increased in recent months, and the outlook is for more scrutiny in the months and years to come. Activity is expected to increase, budgets will decrease, and current automation is not positioned effectively to respond.

In a new report, US Insurance Compliance Survey 2009: Doing More With Less, Celent details the responses of over 200 life, annuity and property/casualty compliance professionals to an online survey. The results describe a challenging environment for insurers’ compliance functions.


"We found that satisfaction with existing tools is only good to fair,” says Mike Fitzgerald, senior analyst with Celent's Insurance Group and author of the report. "Compliance solutions in use today tend to lack integration and consistency. The result is higher costs and lower quality of service."

This report offers specific recommendations to both insurers and vendors that are actionable within known budget and resource constraints.

The report is 28 pages long and contains four figures and 17 tables. A table of contents for this report is available online.

Members of Celent’s Property/Casualty Insurance and Life/Health Insurance research services can download the report by clicking the icon to the left. Non-members should contact info@celent.com for more information.

 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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