Insurance regulatory compliance services

PwC's team of regulatory professionals has extensive experience working with leading life and annuity, health, and property & casualty insurers. This gives us the ability to assist you with the assessment, design, and enhancement of your compliance program and other regulatory compliance needs.

Our services:

Regulatory compliance

With the regulatory environment continuously changing as regulations are amended and adopted, we have a framework to deal with regulatory changes as they arise and affect our clients. Some examples of these service offerings are below:

• Program design and development
• Policy and procedure design and development
• Compliance control effectiveness assessments
• Mock market conduct exams
• Field inspection outsourcing
• Regulatory required independent assessments

Examples of key regulatory compliance topics:

• Sales suitability
• Equity indexed annuity adoption
• Supervisory control monitoring and testing
• Anti-money laundering
• Replacements
• Market conduct coordination
• Preparing for potential federal regulation options

The Insurance regulatory compliance practice can also help you with:

Compliance, governance & organization

• Compliance cost reduction
• Compliance organizational effectiveness
• Compliance risk assessments
• Compliance measurement and reporting
• Culture and ethics

Financial reporting compliance

• Model audit rule
• Sarbanes AS5
• IT internal controls
• Other internal controls work

Operational & technology compliance

• IT security
• Business process integration
• Privacy frameworks
• Records management
• GRC technology identification and adoption

Risk management

• Enterprise Risk Management (ERM)
• Financial modeling
• Operational risk
• S&P rating readiness/preparedness
• Integrated Governance, Risk, and Compliance (iGRC)