Perr & Knight Statistical and Regulatory Compliance for InsuranceNow

If you are interested in this InsuranceNow integration, please contact the Guidewire team via email at insurancenowpartnerconnect@guidewire.com

Perr & Knight, has partnered with Guidewire to offer insurers a statistical and regulatory reporting service that eliminates the burden of keeping up with regulatory reporting changes and ongoing cost of aggregating and submitting data to multiple agencies.

Guidewire’s InsuranceNow captures all the data required to support Insurer’s statistical and regulatory reporting requirements.

Perr & Knight’s service offering complements and extends Guidewire’s solution by managing the entire data submission process on behalf of an insurer:

1.      Data extraction and validation:

Perr & Knight extracts required data from Guidewire Solutions and validates against complex bureau edicts

2.      Data submission:

Perr & Knight ensures that submissions meet format requirements and works with insurers to correct any problems ahead of reporting deadlines

3.      Manage reporting inquiries:

Insurers receive detailed reports on what has been submitted. Perr & Knight will work with customers to respond to reporting errors from agencies.

4.      Keep reported data safe

Perr & Knight archives and maintains historical reported data on behalf of customers

5.      Stay current

Perr & Knight’s service includes not only monitoring any regulatory reporting changes but also assessment of impact and working with an insurer on any required system changes.