How can large carriers better track their compliance?
Most well-known large insurance companies have been using some form or mix of homegrown systems to track onboarding of their agents, which would require a lot of manual tracking by using Excel, Access, other apps, or different types of internal record keeping. And as the requirements multiply and become more fragmented, it's increasingly difficult to maintain uniformity in all 51 states.
In the last five years, it's become so cumbersome to keep using these old tracking methods that many carriers are now beginning to seek a more standardized, automated and secure way to stay on top of their compliance records.
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