P&C Compliance-Reporting Tips: Best Practices for a Thankless Task

Ideally, your insurance company has someone in-house who understands the intricacies of both bureau and state reporting, as well as the implications of missed deadlines—and who has the necessary sense of gravity regarding the task. Alternatively, a carrier might contract with an expert vendor who handles the reporting.

Either way, here are several basic best practices that can aid in avoiding the majority of compliance-reporting entanglements.