Insurance Compliance Software Reviews and Ratings

What is Insurance Compliance Software?

Insurance compliance software refers to a set of tools and applications designed to help insurance companies manage and adhere to various regulatory requirements, industry standards, and internal policies. It manages documents like policies, procedures, and audits and generates reports on compliance-related activities, providing insights into areas that may need improvement. It also provides an efficient and streamlined way for customers to access information about their policies and to make changes to their coverage, thereby helping improve customer satisfaction and reduce the risk of customer complaints. By streamlining compliance processes, it reduces the risk of non-compliance and also ensures that the company operates within the legal and regulatory framework.

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Applied Systems operates in the global insurance industry, providing innovative technology solutions for over 40 years. The main focus of the company is to revolutionize the workings of insurance agencies and brokers using cloud software technology. The company aims to transform the complex insurance industry through digitization and automation. It also introduces innovative partnerships, signaling a fundamental shift in the industry's progress.

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EZLynx specializes in the development of innovative and advanced cloud-based software that addresses and solves the challenges of the property and casualty insurance industry. It established in 2003 and has since dedicated its efforts to enhancing the operations of independent agents. They first tackled the pervasive industry issue with inaccurate rates which led to the pioneering creation of the EZLynx Rating Engine. This engine provides real-time rating, enabling agents to generate multi-insurance accurate rate quotes through a single entry. EZLynx has continuously expanded its solutions to cater to different aspects of agency life. Their range of services includes automated email marketing systems, consumer-facing quoting, customer lifecycle management, and website solutions that aim to efficiently streamline the communication between insurance agents, carriers, and end consumers.

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360factors focuses on assisting businesses in risk prediction and compliance simplification in order to enhance profitability, encourage innovation, and boost productivity. They provide Predict360, a flagship software that stands as a Risk and Compliance Intelligence Platform. This platform is equipped with artificial intelligence capabilities designed to forecast and mitigate operational risks, while easing regulatory compliance procedures. Predict360 seamlessly melds aspects such as regulations, obligations, compliance management, risks and controls, audits, assessments, policies, procedures, and training into an all-encompassing cloud-based SaaS platform. This platform utilizes artificial intelligence to deliver predictive analytics and crucial insights for predicting risks and simplifying compliance procedures. This predictive and streamlined approach to risk and compliance sets 360factors apart.

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HawkSoft, established in 1995, develops management systems primarily designed to facilitate effective workflows, offer user-friendly experiences for staff and policyholders, and foster the expansion of meaningful client relationships. Its independence allows a direct line of responsibility to agencies leveraging its system for their insurance operations. Founded by independent agents, HawkSoft consistently updates its technological infrastructure, which is currently being used by numerous agencies.

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BindHQ is an innovative insurtech company delivering a robust agency and policy management platform that powers the infrastructure for MGAs, MGUs, and Wholesalers in the specialty insurance market. We streamline insurance distribution, underwriting, and premium pricing with a suite of no-code tools.

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CertFocus specializes in SaaS-based Certificate of Insurance and associated document management. The company primarily caters to Fortune 500 organizations and the public sector. CertFocus is a private company with its development, customer service, administrative, and operational units situated across Kansas City, Chicago, and New York. Offering varying levels of service, CertFocus tailors its services to the specific needs of each client, ensuring their individual requirements are met. The company provides 24/7 access to a fully customizable reporting module and a set of tools via any web browser. Furthermore, the company employs dedicated Account Managers, all of whom are seasoned insurance professionals. When necessary, the company can assign specialized insurance experts who have CIC (Certified Insurance Counselor) or CRIS (Construction Risk and Insurance Specialist) certification.

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3H Compliance Group is focused on providing solutions to businesses to streamline their licensing, corporate filings, and compliance processes. The company offers Creative Compliance Hub, a SaaS platform for licensing and compliance, in addition to license management services, corporate filing services and tax services, all supported by a Legal Compliance Practice Group. Their offerings range from cost-effective software and services for everyday needs to sophisticated, tailored solutions for more complex issues. With this combination of software and services, 3H Compliance Group seeks to decrease corporate compliance expenses and promote financial savings. The company prides itself on the prompt response to customer inquiries, underpinned by its wealth of experience in the field.

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Evident operates in the domain of technology, aiming to facilitate organizations in the secure collection and evaluation of individual and business credentials. With its unique solutions, the firm enables strategic decision-making concerning potential third-party partners, prospective employees, franchisees, and beyond. Evident's service offerings are particularly beneficial in the current remote-driven environment with fluctuating regulatory requirements, as it provides scalable and flexible mechanisms to manage communication, storage, decision making, and constant supervision of individual and business credentials. Despite being a technology startup, Evident maintains its operations in Atlanta, GA.

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Damco Solutions is a trusted IT company that offers a host of bespoke and result-oriented services including application design and development, salesforce, robotic process automation, DevOps, Internet of Things, cloud-enablement, data analytics, QA and testing, and many more. Since our inception, we have been helping ISVs, startups, SMEs, and large-scale enterprises stay competitive and relevant by addressing their modern business challenges. Backed by a strong workforce of 1600+ seasoned professionals, we help our clients emerge as a winner in the digital realm.

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Advertising, Marketing and Design Chicago is a company that offers a range of business solutions. It is primarily focused on aiding businesses to increase their productivity and efficiency. The company's main aim is to solve the business problem of inadequate visibility. By providing comprehensive and creative advertising and marketing services, it helps businesses to enhance their brand presence and reach their target market effectively. Its design services are aimed at improving the visual appeal of businesses to attract more customers.

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KGiSL is a BFSI-centric multiproduct Enterprise Software company focused on Insurance, Capital Markets, & Wealth Management segments. KGiSL by its roots believes in being empathetic to customers and offering products and services that deliver incremental business outcomes. Harnessing the power of Machine Learning (ML), Artificial Intelligence (AI), Analytics, Data Science, and Cloud to empower our clients through our products and deliver Empathy based Outcomes backed by Next Generation Customer Experience.

With over 3000+ professionals, KGISL has offices in India, USA, Singapore, Malaysia, UAE, and Thailand. Our continuous learning and approach to upskilling talents have accelerated our drive to deliver innovative solutions that address real-time challenges.

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The company offers a range of automated solutions aimed at simplifying the process of renewing certificates or proofs of insurance. This includes self-service and full-service options that eliminate the need for manual data entry and facilitate compliance. The company's primary objective is to assist insurance brokers, consultants, risk managers, and project managers in streamlining the process of insurance tracking and collection. The provided comprehensive compliance tracking software can significantly ease the process of generating risk insights and analysis reports, tracking certificates of insurance, and verifying compliance. The primary focus is to make the management of insurance collection and compliance as simple and straightforward as possible.

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Workiva is a document and data collaboration platform that helps teams work together to connect reports and data. It offers a unified Software as a Service (SaaS) platform, which combines financial reporting, audit management, and Environmental, Social and Governance (ESG) reporting, in a secure environment. The platform created by Workiva simplifies complex reporting and aids in streamlining processes, data synchronization, and team collaboration while maintaining consistency.

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