In practice, insurance compliance management software is bought by an insurance agency or carrier under state insurance rules the week the spreadsheet stops being enough: the obligations are in one tab, the evidence in a shared drive, the attestations in email, and the examiner is asking for all three at once. The software's job is to keep the producer licenses, the market conduct records, the complaints and the filings by state as one record with a status, and, if it is any good, to work the figures the compliance officer otherwise estimates: how many evidence items a full attestation needs and how many reviewer hours that is, how many days an audit scope takes, how many gaps to expect and what they cost to close. This page says what insurance compliance management software must keep, what it should compute, and where the free sheets on this site do that computation now, from the program's own numbers, with no account.
What insurance compliance management software must keep
For an insurance agency or carrier under state insurance rules, the record is the producer licenses, the market conduct records, the complaints and the filings by state, each with an owner, a date and a status, and each linked to the obligation it satisfies. Software that keeps those as separate lists has a shared drive with a login; software that links them can answer the examiner's question about any one of them as a lookup. The test in a demo is one screen for one obligation with its controls, evidence and last attestation on it. Attestvio Pro keeps exactly that record for a regulated small business, and the free sheets on this site work its arithmetic without any record at all.
What insurance compliance management software should compute
The evidence load a register puts on its reviewers and the months to a full attestation; the days an audit scope needs and the share the days available cover; the gaps an audit will find at the program's own gap rate and what they cost to remediate; the incident hours and the case backlog's months to clear; the training seats outstanding. Each is a free sheet on this site, and for insurance regulation the one to start with is the obligations register sheet, which works the figure an insurance agency or carrier under state insurance rules is measured on first. Software that computes those from the live record has understood the job; software that offers a report builder has not.
Judging insurance compliance management software for a small business
Bring the sheets' figures to the demo: the register's items and hours, the audit's days, the expected gaps and their cost. Ask the vendor to show the same numbers from its demo data, ask what it costs to run for a program of that size rather than to license, and ask how the record exports on the day the contract ends. The guide this page supports covers reading consulting services against the register, which is the other half of the same decision. Attestvio Pro keeps the record at one flat price; the sheets stay free either way.
Management, which is the arithmetic
Management software is the widest label in the category and the one to read most carefully: it can mean a register with reminders, a workflow for evidence collection, or a dashboard over everything. The test is whether it manages by numbers, returning the evidence load, the audit days and the expected gaps from the live record, or only stores. The sheets on this site are that arithmetic done without a system, and they are the specification to take to the demo.
The three duties the insurance model law puts on a licensee
Where a state has adopted the NAIC model, a licensee owes three things and a register answers all of them. Develop, implement and maintain a written information security program, which is the obligations, controls and evidence with owners and dates. Investigate any cybersecurity event, which is an incident record with a triage and an outcome. And notify the state insurance commissioner of such an event, which is a filing with a clock on it and belongs on the calendar rather than in a folder. Adoption is state by state, so the first entry in the register is which of your licensed states have adopted it and on what date, recorded as a decision with its source.
Questions people ask about insurance compliance management software
What is insurance compliance software for?
It keeps the producer licenses, the market conduct records, the complaints and the filings by state as one linked record with a status, and works the figures the program runs on: evidence load, audit days, expected gaps, incident hours, case backlog, training seats. The free sheets on this site work the figures; the paid plan keeps the record.
Does a small business need insurance compliance management software?
It needs the record and the arithmetic; whether it needs an enterprise product to get them depends on the program's size. Work the obligations register sheet first; a program whose reviewers can carry the load with a flat-price record does not need a platform.
What does insurance compliance management software cost?
Enterprise products quote after a call and this site publishes no figure for them. Attestvio Pro is $29 a month for the whole program, and every sheet on the site is free with no account.