LAS VEGAS–Information technology managers are playing ahigher-profile role in meeting regulators' calls for more insurancecompany data, said a panel of industry experts here at the ACORDLOMA Insurance Systems Forum.
Speakers at the session on “Why IT Leaders Need To Care AboutRegulatory Compliance” discussed the increasing reliance ofcarriers on quality data as they maintain compliance with themyriad of state and federal regulations governing different aspectsof the industry.
Among the more prominent, and expensive, regulatory structuresto stir debate within companies are the costs of compliance withthe Sarbanes-Oxley Act, which was enacted to increase theaccountability of senior company officers in financial reporting toregulatory agencies.
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