Ensure sustainability and reliability through Predict360’s Enterprise Regulatory Risk Management Software.

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The Challenges

  • Many insurers suffer from a lack of clarity regarding ownership and management of risks undertaken by front or ‘first-line’ operations. Risk roles are often unclear, with many risk functions in the business being inexperienced and under-resourced to manage more multiple risk categories.
  • Many insurers continue to be burdened by technological limitations, with legacy systems operating in isolation.
  • The last ten years have seen considerable change, with risk emerging as a separate function, and the CRO becoming a major player at many insurance companies.

Our Solution

360factors provides a regulatory risk and compliance management software platform and advisory services designed to make your insurance regulatory risk initiatives more results-driven and efficient through a simple yet effective regulatory risk and change management model and methodology. In turn, you will optimize profitability while meeting regulatory demands.

We offer two unique solutions:

Option 1

Predict360 Managed Services

In managed services, you pay a flat fee to license the software along with our services. We provide an end-to-end framework for addressing and reporting on all your regulatory needs.

Option 2

You can secure advisory services on a short and long term project basis. We have experts on our roster to deliver an independent and experienced perspective essential to developing an effective program as well as in improving already existing programs in a proven, cost-effective way.

Our experts follow a consistent Regulatory Risk and Compliance Management methodology.

  • Regulations drive the “Why” – why does an organization need to comply?
  • Once we understand the “why”, that leads to the “What” – what are the controls and what are the risk levels?
  • Once we identify the risk levels, this helps us prioritize which risks need to be addressed, leading us to the “How”.

Regulatory Change Management Methodology

  • The “How” entails defining a clear end-to-end process on how to mitigate risk and achieve compliance.
  • Once the process is defined, the next step is to identify the point of compliance which is the “Where” – typically a branch office.
  • Once the point of compliance is defined, the last step in the process is to identify the “Who” – who is responsible and who is accountable for actions and approvals?

Our Software

Our advisers and experts use Predict360, a regulatory risk and compliance software to streamline advisory services as a competitive differentiator. It vertically integrates all modules which allow organizations to manage their insurance compliance programs based on federal and state regulations through a single platform.

  • An enterprise-wide platform leading insurance organizations to manage and mitigate risks through a single platform that allows centralized management of regulations.
  • Streamlines the management of your corrective and preventive actions preventing you from obvious risks: penalties, fines, litigation and negative business impact.
  • Automates the management of your regulatory compliance programs and processes for consistency and to ensure compliance with multiple regulatory jurisdictions.
  • Enables you to focus on providing quality healthcare with our comprehensive approach to regulatory compliance and risk management.