Industry Solutions

• Financial Services
• Insurance
• Healthcare

Financial Services

The number of regulations in the mutual fund industry is mind boggling – and it just keeps getting more complex with every new rule.  We’ve developed new solutions to meet those challenges and help you simplify the complex with auditable results.  Some examples include:

• SEC 22c-2 compliance, SEC 206.4 "The Compliance Rule", and Broker-Dealer 3012 Audits
• Compliance with Anti-Money Laundering regulations and the Bank Secrecy Act, eg, requirements, procedures and requests on Politically Exposed Persons or Monetary Recordkeeping and Report Requirements.
• The compliance program rule, rule 206(4)-7(b) under the Advisers Act, requiring advisers to review the adequacy of the firm’s compliance policies and procedures established under the rule; and the effectiveness of their implementation, at least annually.

Insurance

Carriers, brokers, MGAs, captives, self-insured, risk management consultants, and other risk service providers are always in need of methodologies, processes and software that demonstrate their value to customers.  But delivering a complete and comprehensive offering of risk services and solutions must be balanced with the basic business goals—manage costs and drive revenues. 

But there are other stakeholders, such as regulatory authorities, that are increasing the burden on Insurers as well.  For example, Risk Based Capital regulations (ICAS and ICA in the UK, Solvency II in the EU with the NAIC expected to follow in the US) require evidence of adequate allocations of capital to the range of risks insurers face in their business operations. 

Keane BRMS can deliver a more cost-effective approach to assessing risk and following up on remediation activities and their impact.  Our solutions provide increased efficiency and performance for both client management and regulatory compliance. You can easily demonstrate auditable results in no time and appropriately leverage business intelligence to drive performance and deliver up-to-the-minute assessment of capital allocation compliance:

Business Focused...

• Promote and automate collaboration and accountability for underwriting, loss control and engineering and claims departments
• Benchmark and aggregate qualitative intelligence for a class or book of business
• Measure qualitative improvement of risk/exposure of insured/groups of insureds over time
• Enable dynamic delivery of valued-added services and business intelligence
• Provide oversight of branch office underwriting procedures and guidelines
• Control qualitative information through a single medium
• Differentiate services and reduce client handling costs

Regulatory Focused...

• Repeatable, auditable processes for allocating capital to risk(s)
• Continuous updates of capital allocations using up-to-the-minute risk evaluations
• A risk-based approach embedded in core business processes
• Tools to gather, assimilate, calculate and report on capital allocations
• The means to prove regulatory compliance

Healthcare

Every organization today faces increasing regulatory and audit requirements, but that’s nothing new to Healthcare where one missed step really can mean life or death.  Whether it’s patient safety procedures or HIPAA requirements, JCAHO accreditation compliance, state regulations or claims management, the sheer volume of policies and procedures is overwhelming.

Keane’s Business Risk Management Solutions will help you simplify the effort and provide cost-effective enterprise-wide control with auditable results in no time.

• Simultaneously identify, evaluate, and rank multiple exposures and vulnerabilities
• Aggregate risks and reporting throughout the enterprise and across numerous facilities
• Automatically set, track, and monitor multiple simultaneous remedial actions and compliance initiatives
• Establish accountability, objectivity, and benchmarking '
• Deliver automated and auditable trail of performance/impact upon exposures, vulnerabilities, and compliance