We operate in a highly regulated industry, and BMA was developed to assist companies with remaining compliant.
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Newtown Square, PA (PRWEB) April 14, 2016
Martin & Company (“M&C”), a leader in insurance consulting and regulatory services, today announced a new strategic alliance with information provider Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk. Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.
The alliance brings together Verisk’s Insurance Services Office (“ISO”) circular information with M&C’s Bureau Monitoring ADVISOR (“BMA”), a proprietary web-based solution for monitoring ISO circulars, in addition to industry bureaus. The alliance will provide M&C direct access to ISO circulars, allowing for the efficient monitoring, managing, and assessing of the circulars, which will assist companies with the necessary responsive action in an effort to remain compliant. ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace.
“For the past few years, we have been developing and enhancing BMA in order to provide the industry with a more efficient and effective solution for monitoring circulars. We operate in a highly regulated industry and BMA was developed to assist companies with remaining compliant,” says Sonja A. Rodebaugh, vice president and director of compliance & state filings for Martin & Company. “Our new alliance with Verisk allows us to assist our clients with simplifying their processes by providing daily tracking of circulars on their behalf." BMA is an innovative industry product that is extremely valuable, allowing companies to capture their day-to-day workflow and activities associated with each circular.
About Martin & Company
Founded in 1993 and located outside of Philadelphia, Pennsylvania, Martin & Company changed the way insurance companies researched competitive information. Today they have grown to offer products far beyond competitive information targeting six core segments of the insurance industry: Competitive Intelligence, Program & Product Development, Actuarial Consulting, Compliance & Regulatory, State Filing Services, and Company Licensing. The Martin & Company team is comprised of skilled insurance professionals with over 175 years of combined experience. With a proven record of success and focus on our clients, our interdisciplinary approach to state filings and compliance provides our clients with the assurance that we are taking every measure to achieve positive results that assist in getting products and programs to market faster and more efficiently. For more information about Martin & Company's solutions, visit http://www.martincompanyus.com/technology and follow the company on Twitter and LinkedIn.