8 REASONS WHY LIFE INSURANCE COMPANIES CHOOSE PBI TO MAKE COMPLIANCE SIMPLER
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Have you ever dreamed of a system where you can easily and securely meet all of your compliance and regulatory requirements? What about a simple, scalable solution which allows you to pull data, build customizable reports, and locate beneficiaries on a single platform with a few clicks?
PBI has that system.
Fulfill New Unclaimed Property Regulations, and RSA & GSA’s
PBI’s scalable, user friendly application not only can assist your company meet these obligations, but it can enable you to work faster and smarter.
Missing SSN’s Cost You Time and Money
Making sure that your data is accurate will greatly reduce the time spent reviewing potential matches. Have peace of mind knowing that your data is accurate.
PBI Can Reduce Claims Processing Time By 60%
Through integrating Death Audit data with our proprietary Research Center – use actionable data to quickly get results.
Locate Potential Beneficiaries Quickly and Easily
Using PBI you can fulfill your Unclaimed Property obligations and build customized reports all in a single application – all at a fraction of the cost.
CHALLENGES FACING INSURANCE COMPANIES
- Aggressive, contingent-free 3rd Party auditors
- New regulatory requirements to utilize the SSA Death Master File (DMF)
- Numerous “fuzzy logic” requirements (nicknames, transpositions, date problems, etc.)
- Respond quickly to auditors in a timely manner to refute false-positives
- Limit amount of time locate beneficiaries
- Multiple Lines of Business and Computer platforms
- New certification and restrictions to the SSA Limited Access Death Master File (LADMF)
- Mandatory unclaimed property responsibilities
PBI’s Unclaimed Property Solutions
COMPLIANCE MADE SIMPLER
PBI PROUDLY SERVES INSURANCE COMPANIES THAT OFFER THE BELOW OPTIONS.
Insurance companies look to PBI to provide secure and scalable solutions that address their needs.
Our state-of-the-art technology delivers actionable data. PBI PROACTIVELY identifies deceased policyholders, eliminating the hassle of Section 203 requirements for the Limited Access Death Master File (LADMF). Outsourcing to PBI simplifies access to the data when insurance companies need it and when they want it, with all the resources to get the job done.
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