Development of Compliance Policies and Procedures
Documented compliance policies and procedures are not only required by regulators they also help ensure that policies and procedures are being followed consistently within your organization. ICSG has operation as well as legal and compliance experience that enables us to develop policies that meet regulatory requirements and procedures that are both efficient and effective at controlling and remediating regulatory deficiencies.
Risk Assessments and Remediation
The state insurance departments all require that companies perform a periodic risk assessment of their business to identify compliance and operational risks. Our risk assessments are second to none in terms of identifying and assessing all of the regulatory and operational risks inherent in your business model and recommending and implementing solutions to remediate those risks.
Regulatory Crisis Management
Despite the most effective Compliance Program, a regulatory issue may still arise. How the issue is handled can make all the difference in terms of the impact to a firm’s reputation. ICSGroup can provide expert guidance as to how best to address the issue and manage communications pertaining to it. From determining whether or not to self-disclose to the regulators, to how best to respond to media inquiries and communicating the issue to your employees and clients, ICSGroup will be your trusted partner in navigating your firm’s regulatory crisis and guarding its reputation.