Celent, a Boston-based research firm, has issued a report describing the benefits to insurers of improving their regulatory filing processes for new products.

Titled "State Filing Best Practices: Technology, Process, and Organization," it analyzes the challenges insurers face in preparing, submitting and tracking filings with departments of insurance.

"There are important business benefits for an insurer that does its state filings efficiently and correctly," said Celent. "Most of these benefits result from making the product development process faster and more effective–concepts emphasized in a product's speed to market."

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