Ohio-based Beam Technologies Inc, an employee benefits provider, is further strengthening its insurance compliance program capabilities through its selection of NILS™ INsource® offered through Wolters Kluwer Compliance Solutions.
“Effectively managing ever-changing insurance regulations and rules that differ, depending on the states in which you operate and further by product line, has continued to present challenges to our employee benefits business,” said Kyle Kizer, Compliance Manager — Insurance Products, Beam Technologies. “The NILS INsource solution helps us address those challenges head on, offering a cost-effective and more efficient approach to managing regulatory requirements with a compliance-first focus.”
“NILS INsource has long provided insurers a trusted and valued resource to help consistently manage complex and ever-changing compliance and regulatory obligations across the insurance landscape,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “We are pleased Beam Technologies is utilizing the NILS INsource platform to help improve its compliance program productivity and reduce compliance-related risk.”
NILS INsource is a web-based tool for efficient and effective research, allowing insurers to monitor the vast array of regulatory content and to readily assess compliance ramifications of evolving insurance obligations. Insurance compliance professionals can obtain focused, accurate content in significantly less time by leveraging the tool’s uniquely indexed insurance content, thus providing greater accuracy and more relevant search results, and vastly enhancing their compliance efforts.
NILS™ INsource is used as a definitive primary content resource by nearly 7,000 insurance professionals and departments in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Beam is a digitally native employee benefits company that provides the industry’s most innovative dental insurance product. Beam Dental combines an easy-to-use online insurance platform, AI-powered underwriting, and the connected Beam Toothbrush* for better overall wellness. Beam has raised over $170 million in venture capital funding and is the only digital company within the $100+ billion employee benefits category. Beam also offers vision** insurance, and group life** and disability** coverage for employers of all sizes. Beam is available in over 43 states around the U.S. and is accepted at over 400,000 access points¶ nationwide. For more information, visit www.beam.dental.
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.