SOURCE: Kaplan Compliance

Kaplan Compliance

August 06, 2009 10:32 ET

Kaplan Conference Spotlights Solutions to Keep Insurance and Securities Providers on Track for Future Growth

INDIANAPOLIS, IN--(Marketwire - August 6, 2009) - In response to the current volatility in the financial services industry, Kaplan Compliance Solutions (KCS) ( recently gathered more than 20 of its insurance and financial securities clients together to openly discuss the core issues facing the sectors today. Kaplan Compliance Solutions, a leading provider of services and technology solutions designed to eliminate paperwork and reduce compliance risk for the insurance and securities industries, organized this first annual conference to help clients better compete, to ensure its programs are well-tuned to changing marketplace situations and to keep providers on track for future growth and success.

Conference attendees identified three main challenges:

--  The Fannie Mae and Freddie Mac fallout will continue to result in more
    state and federal regulations. Insurance companies and financial
    institutions will struggle to keep up with an even more complex maze of
    compliance rules and procedures.  Internal resources may not be sufficient;
    therefore, companies will need to identify a partner that has expertise in
    licensing and compliance administration to help manage and reduce costly
    compliance risk.
--  Operational efficiency and automation across the organization are
    critical to success.  Manual processes, especially in the areas of
    regulation compliance and sales, leave too much room for error while also
    exposing businesses to fines, lost customers and more.  Competition for
    recruiting top selling producers and registered representatives is fiercer
    than ever, so carriers, distributors, banks and broker/dealers will
    critically evaluate their internal processes to ensure resources are being
    allocated in the most cost-effective way possible.
--  Long-term survival for financial institutions means recruiting young
    workers who will avoid jobs that require unnecessary manual work.  This
    makes technology a key factor in the recruitment process.  To successfully
    compete for the best and brightest talent, financial institutions must be
    able to show that they are equipped with the most up-to-date technology and
    the latest automation processes.

"These days, the financial industry is being hit with changes at breakneck speeds so it is important for us to step back and hear first-hand the greatest challenges that our clients are facing," said Kris Cope, Vice President, Sales for Kaplan Compliance Solutions. "As a trusted partner of some of the country's largest insurance companies and securities firms, we pride ourselves on delivering solutions that cater to our clients needs and help ease existing strains."

Kaplan Compliance Solutions anticipates holding additional conferences on an annual basis to foster this kind of exchange with customers.

About Kaplan Compliance Solutions

Kaplan Compliance Solutions (KCS) provides services and technology solutions for the insurance and securities industries to help manage the producer/representative on boarding process and career cycle. Kaplan Compliance Solutions is a trusted partner of the nation's largest insurance companies and securities firms. Kaplan Compliance Solutions is a division of Kaplan, Inc., a global education services provider and a subsidiary of The Washington Post Company. For information about KCS' latest offering, the Compliance Management System Generation 2™ (CMS G2™), please visit For more information about KCS, go to

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