Claims Handling and Licensing Dominate Market Conduct Criticisms

Wolters Kluwer’s annual list of compliance issues for both P&C and life/health insurers highlight the difficulty of keeping up with regulatory changes for claims, underwriting and distribution processes.

INN Breaking News, October 8, 2013

Justin Stephani

Insurers most frequently are criticized for claims-handling, licensing and underwriting issues, according to Wolters Kluwer Financial Services, which unveiled its ninth annual lists of the top 10 criticisms found on U.S. insurance market conduct exams. The annual lists can serve as checklists for P&C and life/health insurers, helping them minimize compliance risk exposure.

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