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Sircon® Introduces One-Click Compliance™ to Help Insurance Carriers and Agencies Synchronize Data with State Regulators
"One-Click Compliance™" Represents Breakthrough in Managing Compliance with State Regulators Nationwide
Las Vegas, NV., May 13, 2008 - Sircon Corporation today announces the launch of One-Click Compliance™, a breakthrough extension of its industry-leading suite of insurance compliance services. With a single click of a mouse, an insurance carrier or agency can now automatically synchronize their agents' information with the official records of all state regulatory agencies. In this way, companies can more easily manage compliance with state regulators.
"Sircon has long been a trusted partner in helping GEICO keep its agent licensing and compliance information updated," said Dan Corridon, Director of Licensing Administration for GEICO, a Sircon client who uses Sircon’s One-Click Compliance™ capability. "This latest breakthrough reinforces their commitment to helping the industry manage compliance more efficiently."
Managing compliance in the insurance industry is often a complex process, as producers routinely renew licenses, add qualifications and change their personal information directly with state regulators; third parties such as education providers submit updates about producers to each state; and individual states change license types or lines of authority. Collectively, these factors cause carriers' or agencies' information about their agents to rapidly become out of synch with that of the regulators. Sircon's One-Click Compliance™ takes the complexity out of compliance by automating the compliance process nationwide, enabling compliance tasks to be completed with a single click, in less time, with less effort and more accurately than ever before.
"Sircon has for several years provided reconciliation services that have highlighted for carriers and agencies the precise differences between their agent information and the official records of state regulators. Now, with the single click of a mouse, licensing specialists can instantly update an agent's information to align with the official regulatory records of all states at once, eliminating the need for manual state-by-state corrections of agent information." said Tim Owen, Sircon’s Director of Product Management.
Sircon One-Click Compliance™ is available as part of Producer Manager.
About Sircon Corporation
Sircon Corporation provides a comprehensive producer lifecycle platform to grow, manage and optimize producer channels. The company offers this platform as software-as-a-service (SaaS) to deliver immediate and compelling value to insurance carriers, insurance distributors, producers (agents) and state regulators for licensing, recruiting, contracting, regulatory compliance, education tracking and producer management. Sircon's solutions provide essential industry services by connecting key stakeholders in the producer lifecycle through the Sircon network. For more information, please visit www.sircon.com or call 877.876.4430.
Brian Barthelmes
Airfoil Public Relations
248.304.1451
barthelmes@airfoilpr.com
Scott Morrison
Sircon Corporation
517.381.3828
smorrison@sircon.com