Wolters Kluwer Financial Services Introduces NILS INcompass

Wolters Kluwer Financial Services today announced the release of NILS INcompass™, a workflow tool that helps compliance and legal professionals monitor and implement ongoing regulatory changes within their insurance organizations. With thousands of regulatory changes happening each year within the insurance industry, compliance professionals are overwhelmed with the demands associated with ensuring that new and changing laws and requirements are implemented throughout their organizations in a timely and accurate manner. NILS INcompass not only allows users to monitor an organization’s progress in applying new industry laws and regulations, but also provides detailed information about the changes to help users determine how these regulations apply to their business, and the action steps that need to be taken. NILS INcompass offers: Customized Content – By integrating with NILS INsource®, a powerful Web-based regulatory research tool, NILS INcompass allows insurers to customize the regulatory information they receive. Users can customize incoming content by line of business, sub-line of business and topic to easily find the information that is relevant to their organization. Summaries of Regulatory Changes – Accurate and concise summaries written by Wolters Kluwer Financial Services’ compliance experts help insurers save time in analyzing the impact of regulatory changes to their business. Workflow Performance Measurements and Controls – Using NILS INcompass’ management dashboard, compliance professionals can access historical implementation data to measure their organization’s overall progress in applying regulatory changes, while easily identifying bottlenecks in the implementation process that could heighten compliance risk. Flexibility to Handle Multiple Case Types – Legislative proposals and enactments and market conduct corrective action plans can all be processed and monitored on the NILS INcompass system. "Our goal is to provide compliance professionals with a new way to look at regulatory change by helping them monitor their process and their compliance readiness,” said David Evans, general manager of Insurance Compliance Solutions for Wolters Kluwer Financial Services. "Both components are critical in order to show where the organization is as a whole in implementing regulatory changes and where potential risks might be.” Hundreds of insurance organizations and thousands of compliance professionals rely on NILS INsource for statutory and regulatory research and analysis on all 50 states, the federal government, the District of Columbia, the Virgin Islands, and Puerto Rico. NILS INsource offers customers both printed Red Books, a premier print source of information on state insurance laws and regulations, and a Web-based database. Add-on modules are also available covering specific compliance needs such as NILS INcompass, Market Conduct Examination and NAIC Model Law. To learn more, visit www.Insurance.WoltersKluwerFS.com. About Wolters Kluwer Financial Services Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWeb™ and CCH Wall Street®. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion ($4.3 billion), employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.