Wolters Kluwer Launches AI-Enhanced OneSumX Reg Manager to Streamline Regulatory Compliance for U.S. Insurers

Wolters Kluwer Launches AI-Enhanced OneSumX Reg Manager to Streamline Regulatory Compliance for U.S. Insurers

(IN BRIEF) Wolters Kluwer Compliance Solutions has launched the AI-powered OneSumX® Reg Manager to help small to medium-sized U.S. insurance carriers manage regulatory changes more effectively. Part of the OneSumX portfolio, this new tool provides automated tracking of regulatory updates, leveraging AI and expert-curated content to minimize compliance risks without the complexities of traditional software implementations.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, 14-Aug-2024 — /EuropaWire/ — Wolters Kluwer Compliance Solutions has introduced OneSumX® Reg Manager, an AI-powered tool designed to enhance regulatory change management for small to medium-sized U.S. insurance carriers. This new solution, which is supported by NILS INsource® regulatory content, is the latest addition to Wolters Kluwer’s respected OneSumX portfolio. The portfolio is known for helping financial institutions across the U.S. effectively manage regulatory changes.

Vikram Savkar, Executive Vice President and General Manager at Wolters Kluwer Compliance Solutions, emphasized the significance of this launch: “Our suite of insurance compliance products has long been a reliable resource for insurers, providing user-friendly and responsive solutions to help manage the complex and ever-changing regulatory landscape. OneSumX Reg Manager combines AI-driven automation with our expert-curated regulatory content, offering smaller U.S. insurers a powerful tool for maintaining compliance.”

OneSumX Reg Manager provides a structured data feed of regulatory content from relevant state and federal agencies, enhanced by AI-enabled libraries and real-time updates. The tool’s automated tracking system allows insurers to identify regulatory changes, align them with their business lines, and monitor the implementation of these changes, all while minimizing compliance risks. Importantly, it offers these capabilities without the extensive implementation process typically associated with other regulatory change management software.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Media Contact:

David Feider
Associate Director, External Communications
Financial & Corporate Compliance
david.feider@wolterskluwer.com
+1 (612) 852-7966

SOURCE: Wolters Kluwer N.V.