Will chickens rule the world or will Chief Compliance Officers prevail? Find out at #CommunityLIVE

tech-savvy-cfoDid you know that there are more chickens in the world than people?

That’s right, there are almost 2.5 chickens for every person. And the population grows exponentially every year. Hawaii even adopted the “rooster” as its official alarm clock. (Don’t expect to sleep in on vacation on the islands, as the alarms are sure to go off at dawn daily.)

We are overrun by chickens!

And for Chief Compliance Officers, chickens and regulations must seem a lot like the same thing.

You see, CCOs are overrun by the growing number of insurance regulations that they must monitor, comply with and report on. If increased regulations are threatening the existence of your organization, you don’t have to search the news in-depth to see that the many other organizations in the industry are focused heavily on this issue.

Check out some of the trends and topics weighing on insurers across the globe:

  • Regulatory changes and sustained low interest rates will continue to be a primary challenge over the next one to three years
  • Increased regulation is becoming a greater issue as insurers offer more complex products
  • The macro-economic outlook and cyber risks

Get ahead of regulations

Whether it is complying with AML, Market Conduct, other stringent regulations, or managing governance, the long-term success of insurers is directly related to their success in managing the compliance landscape.

As compliance issues continue to gain importance, insurers will have significant work ahead of them to monitor and reduce the risks associated with compliance.

See for yourself at #CommunityLive if #OnBase for Insurance will help the CCO prevail! Join our session “OnBase Compliance Solutions” on Thursday at 9 a.m. to find out more.

Ruth Fisk

Ruth Fisk has more than 25 years of experience working within the insurance industry and is a foremost expert on the practical application of EDMS technology. In her role as Global Director for Insurance at Hyland, she has travelled to more than 90 countries helping insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.

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