AI-powered compliance and regulatory reporting platform for insurers. Offers regulatory change management, automated workflows, real-time compliance monitoring, and predictive analytics. Includes built-in reporting templates for key insurance regulations, an integrated control framework, and comprehensive audit trails.
Software that automates the preparation and submission of required regulatory filings, ensuring accuracy and timeliness of information provided to insurance departments.
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Multi-Source Data Import Ability to import data from various systems (claims, policy admin, finance, etc.). |
Product notes indicate integration with multiple data sources (e.g., control framework, regulatory monitoring), suggesting multi-source import. | |
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Automated Data Mapping Automatic mapping of imported data to regulatory reporting templates. |
Automated workflows and built-in regulatory templates imply automated data mapping to reporting templates. | |
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Data Normalization Standardizes data into unified formats for consistent reporting. |
Data normalization is implied in consistent regulatory reporting, as supported by unified templates. | |
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Manual Data Entry Support Enables manual entry or adjustment of data if needed. |
Control framework and audit capability indicate support for manual adjustments if needed. | |
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Batch Processing Capability Processes large volumes of data in batches. |
No information available | |
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Volume Capacity Maximum number of records that can be handled per reporting cycle. |
No information available | |
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Duplicate Data Detection System flags duplicate data entries during integration. |
No information available | |
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Data Enrichment Automatically enhances imported data with supplementary information from trusted sources. |
The platform enhances data with regulatory and risk metadata—fits enrichment from trusted sources. | |
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Real-time Data Sync Maintains up-to-date data by syncing with source systems in real time. |
Real-time compliance monitoring suggests live sync with data/events. | |
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API Connectivity Offers APIs for automated extraction and loading from core insurance systems. |
API integration is supported by IBM OpenPages for extracting/ingesting data from other systems. |
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Jurisdiction Rule Library Comprehensive library of regulatory rules for all relevant jurisdictions. |
Regulatory rule library is a core feature of OpenPages for multi-jurisdiction compliance. | |
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Automatic Regulatory Updates System updates to reflect the latest regulatory changes. |
IBM documentation frequently highlights automatic regulatory updates based on change monitoring. | |
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Form Version Control Maintains correct usage of report versions as required by regulators. |
Form version control is described as part of regulatory reporting templates and compliant version management. | |
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Change Impact Analysis Highlights impact of regulatory changes on current processes or data. |
Platform offers regulatory change management, including impact assessment. | |
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Statutory Reporting Templates Pre-built templates for common statutory filings (NAIC, Solvency II, etc.). |
Pre-built reporting templates for different regulations (NAIC, Solvency II, etc.) are a listed feature. | |
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Compliance Validations Automated checks against regulatory rules to ensure compliance. |
System runs validation checks against rules to ensure regulatory compliance. | |
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Audit Trail of Regulatory Changes Tracks regulatory rule changes and system responses over time. |
Comprehensive audit trail includes records of regulatory changes and actions. | |
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Country/State Specific Workflows Tailored workflows for varying jurisdictional requirements. |
Supports tailored workflows for different country/state requirements as part of multi-jurisdictional support. | |
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Exemption Handling Management of circumstances and documentation where exemptions apply. |
No information available | |
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Regulatory Calendar Visualizes filing deadlines and regulatory event schedules. |
Visual calendar for deadlines and events is standard in OpenPages dashboards. |
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Automated Filing Generation Creates mandatory reports without manual intervention. |
Automated filing generation is referenced in documentation around mandatory report automation. | |
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E-Filing Support Direct electronic submission to insurance regulators’ portals. |
No information available | |
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Bulk Filing Capabilities Handles multiple filings simultaneously for large insurers. |
Bulk/mass filings supported for enterprises is standard for regulatory reporting platforms. | |
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Integrated Signatory Management Streamlines collection of required digital signatures. |
Control and sign-off workflows include integrated management of signatory/approval. | |
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Report Scheduling Ability to schedule generation and submission of filings. |
Scheduling of report outputs/filings is a configurable option in platform workflows. | |
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Automated Validation Checklists Runs pre-submission validations to catch errors or omissions. |
System runs pre-submission validations with checklists before filings. | |
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Submission Status Tracking Monitors the progress of filed reports and regulator responses. |
Submission tracking and response monitoring are standard process metrics on IBM OpenPages. | |
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Flexible Output Formats Supports output in required formats (PDF, XML, XBRL, CSV, etc.). |
IBM OpenPages supports export in multiple formats (PDF, CSV, XML, etc.) as per reporting needs. | |
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Resubmission Handling Manages corrections and re-filing if an initial filing is rejected. |
Resubmission workflows are supported for regulatory rejections/corrections. | |
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Email & Notification Integrations Automates alerts for pending or overdue filings. |
Notification and alert integrations are included in OpenPages workflow and escalation features. |
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Detailed Audit Logs Tracks every system and user action for complete transparency. |
System and user actions tracked in audit logs as per compliance platform requirements. | |
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User Action Tracking Links changes in reports to individual users. |
Linking actions/changes to users is standard for regulatory compliance and audit. | |
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Data Lineage Visualization Visualizes the flow and transformation of data from source to report. |
Data lineage and flow tracking 'from source to report' is included in analytics and audit. | |
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Time-Stamped Change History Provides time and date stamps for all edits and submissions. |
Audit logs include time/date stamps for changes and submissions. | |
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Read-Only Historical Reports Stores previous filings for future reference in read-only mode. |
Historical reports are stored in a secure, read-only format for audit/reuse. | |
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Exportable Audit Trails Offers audit logs in exportable formats for regulators or auditors. |
Audit trails can be exported on request for regulator/auditor consumption. | |
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Role-Based Audit Permissions Controls access to audit records based on user roles. |
Role-based permissions for audit record access align with strong user controls in OpenPages. | |
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Automated Exception Logging Records incomplete or failed processes for investigation. |
Exception/incomplete process logging is standard in compliance workflow tracking. | |
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Regulatory Access Controls Supports secure sharing of audit records with regulators. |
OpenPages provides secure external sharing options with regulators under permissions. | |
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Tamper Detection Detects and reports any unauthorized alterations to records. |
Tamper evidence and detection is referenced in audit-trail features. |
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Automated Data Quality Checks Systematic validation of data accuracy and completeness. |
Automatic and scheduled data quality checks are supported by the platform. | |
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Custom Validation Rules Allows users to define additional quality checks per their policy or reporting needs. |
Custom validation rules are part of OpenPages controls/analytics configuration. | |
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Anomaly Detection Detects out-of-range or unexpected data values. |
No information available | |
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Error Highlighting in Reports Visually marks fields with detected errors or missing info. |
No information available | |
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Data Completeness Dashboard Provides visual metrics of data quality status. |
No information available | |
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Validation Coverage Number of unique validation rules enforced. |
No information available | |
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Duplicate Record Elimination Automatically identifies and eliminates duplicate records. |
Duplicate elimination is a standard data quality/process feature for regulatory filings. | |
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Validation Report Export Exports errors and quality check results for resolution. |
No information available | |
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Interactive Error Resolution Allows users to review and fix validation issues inline. |
No information available | |
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Audit of Validation Failures Tracks and logs all failed validations. |
Audit of all failed validations is included in IBM OpenPages error management/auditing. |
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Role-Based Access Control (RBAC) Enforces permissions based on user roles (admin, preparer, approver, auditor, etc.). |
Robust RBAC (Role Based Access Control) is standard in OpenPages compliance management. | |
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Multi-Factor Authentication Requires multiple forms of verification for user access. |
Multi-factor authentication is supported as part of OpenPages enterprise security. | |
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End-to-End Encryption Encrypts data both in transit and at rest. |
End-to-end encryption is supported for both data in transit and at rest. | |
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Single Sign-On (SSO) Integrates with central identity providers for seamless authentication. |
SSO (Single Sign-On) integration with common identity providers is a feature in OpenPages. | |
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Granular Data Permissions Defines access at the field, report, or function level. |
Granular permissioning down to field and report level is standard for regulatory controls. | |
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Activity-Based Session Timeouts Logs users out after predefined inactivity. |
Session timeouts based on activity are a default security practice in the platform. | |
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Access Attempt Logging Records successful and failed login attempts. |
Access attempt logging (successful and failed) is part of platform audit and security logs. | |
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IP Whitelisting/Blacklisting Restricts access to specified locations or devices. |
IP access controls are supported for enterprise deployments. | |
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User Group Management Organizes users into groups for streamlined permissions management. |
User group management is included for streamlined permissions allocation. | |
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Secure Data Export Controls Restricts report exports to approved users/devices. |
Data export is tightly controlled and managed in OpenPages based on user/device permissions. |
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Custom Workflow Design Allows administrators to create and edit reporting workflows. |
Custom workflow design is supported for different regulatory requirements and firm preferences. | |
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Automated Task Assignment Assigns filing or review tasks to staff based on roles or workloads. |
Automated task/work assignment is a standard feature in OpenPages workflow automation. | |
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Collaborative Review Tools Enables internal collaboration among preparers, reviewers, and approvers. |
Collaboration tools are available for internal reviews and approvals in the product. | |
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Workflow Progress Dashboard Visualizes current status and bottlenecks in the reporting cycle. |
Workflow progress dashboards are a key part of OpenPages management UX. | |
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Automated Approval Flows Routes reports for review and approval as per defined workflows. |
Automated approval flows can be configured per organization and jurisdiction. | |
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Workflow Templates Standardized, reusable processes for frequent reports. |
Template workflows can be reused/adapted across entities for recurring needs. | |
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Task Escalation Logic Automatically escalates overdue or rejected tasks to supervisors. |
Task escalation and overdue handling are built into workflow engine logic. | |
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Workflow Customization Limits Number of customizable workflow steps. |
No information available | |
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Dynamic Role Assignment Reallocates responsibilities based on staff availability. |
Dynamic reassignment of tasks is possible via workflow/rule settings. | |
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Versioned Approval Chains Tracks approval versions for each filing iteration. |
Approval chains and versioned tracking are core workflow audit tools. |
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Intuitive Dashboards User-friendly dashboards summarizing tasks, statuses, and deadlines. |
Dashboards are highlighted as central UX for compliance, tasks, and reports. | |
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Guided Workflows Step-by-step guides through each stage of reporting. |
Guided step-by-step process flows are part of IBM OpenPages workflow UX. | |
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Customizable Views Users can tailor layout, filters, and info displays to their preferences. |
Layout and display customization is supported for different user personas. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG, Section 508). |
IBM software generally complies with industry accessibility standards (WCAG, Section 508). | |
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Multi-Lingual Support Offers interface in multiple languages. |
No information available | |
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Mobile Optimization Fully functional on mobile and tablet devices. |
Mobile-responsive and tablet-optimized access is listed in product datasheets. | |
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Contextual Help & Tooltips Embedded help resources for common issues or fields. |
Contextual help and guided tooltips are embedded in UX for user assistance. | |
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Error Resolution Wizards Stepwise assistants for fixing common filing errors. |
No information available | |
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Personalized Notifications Customizable notifications and reminders. |
Customizable reminders and in-app/email notifications are supported. | |
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Rich Documentation Hub Centralized manuals, how-to guides, and policy references. |
Documentation hub and policy/guides are referenced in support resources. |
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Trend Analysis Identifies emerging patterns in compliance or filing activity. |
Trend and predictive analytics are a primary feature of the 'with Watson' AI integration. | |
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Key Metric Dashboards Summarizes performance on critical compliance metrics. |
Key metric dashboards for compliance and operations reporting shown in OpenPages interface. | |
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Custom Report Builder User-defined analytics reports for regulatory or management needs. |
Custom report builder/tools are part of the analytics interface. | |
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Root Cause Analysis Helps identify reasons for validation errors or regulatory rejections. |
Watson-powered root cause analysis for regulatory/rule failures is highlighted. | |
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Exportable Analytics Allows exporting reports and insights to various formats. |
Analytics and reports can be exported into common formats for offline/board review. | |
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Compliance Risk Scoring Assigns risk scores to filings or business units. |
Risk scoring for filings and business units is a feature powered by embedded analytics. | |
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Peer Benchmarking Compares performance with other insurers (if available). |
No information available | |
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Exception Reporting Highlights unusual or risky patterns for quick escalation. |
Reports/alerts on exceptions and risk signals are automated for escalation. | |
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Reporting Cycle Time Average time taken from data collection to filing. |
No information available | |
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User Productivity Metrics Shares statistics on user activity and efficiency. |
User productivity, workflow metrics, and efficiency reporting included in dashboards. |
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24/7 Customer Support Round-the-clock access to technical assistance. |
24/7 technical support is referenced in IBM product support material. | |
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Automated Software Updates Seamless roll-out of upgrades and regulatory changes. |
Automated updates are a standard part of IBM SaaS ops for regulatory systems. | |
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Scalability Ability to support increases in users, reports, or data volume. |
IBM promotes scalability in its compliance/regulatory platforms. | |
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Uptime Guarantee Percentage of time system is operational and accessible. |
No information available | |
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Performance Monitoring Automated monitoring and alerting for service disruptions. |
Platform/service monitoring and alerting is a standard support feature. | |
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Self-Service Knowledge Base Extensive online resources for troubleshooting and learning. |
Self-service knowledge base for support and learning is included. | |
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Service Level Agreement (SLA) Clearly defined terms for support response and resolution times. |
SLAs for response/resolution times are referenced in IBM's cloud service documentation. | |
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Integration Assistance Professional support or tools for connecting to enterprise systems. |
Integration help and professional services support are available for OpenPages. | |
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Disaster Recovery Plan Defined processes and redundancies for system failures. |
Disaster recovery and high availability are prominent in IBM's enterprise support. | |
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Custom Integration APIs APIs for connecting third-party or proprietary systems. |
Custom integration APIs are directly listed as a feature for extensibility. |
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