RegEd launches Licensing Essentials, a managed service to streamline licensing and compliance for midsized insurance firms.
RegEd, compliance, licensing, and credentialing solutions leader to the financial services industry, has introduced RegEd Managed Services Licensing Essentials, an outsourced solution designed specifically for midsized and expanding insurance companies. The new solution is designed to streamline and enhance licensing and credentialing processes for companies that experience growing regulatory complexity and resource limitations.
Whereas RegEd has been relied upon by large organizations for years, Licensing Essentials applies the same operational excellence and regulatory know-how to the mid-market. It is intended to assist firms in streamlining their licensing operations through scalable outsourcing. Firms can opt for full-service outsourcing or select targeted support during peak-demand times, such as adjuster licensing or multistate filings.
Todd Carper, Vice President of Operations for Managed Services at RegEd, emphasized that small and midsized firms face unique challenges in managing the complexity of licensing operations. He noted, “With Licensing Essentials, we’re offering a solution that allows firms to offload administrative tasks, mitigate risk, and focus on growth.”
One of the main advantages of Licensing Essentials is that it can minimize administrative burden, eliminate unnecessary charges, and expedite the licensing process using RegEd's Managed Services Center of Excellence. Companies also have access to RegEd's extensive industry knowledge and the Xchange Producer Management platform, a software highly relied on by the industry's largest distributors and carriers.
Michael Pouliot, Executive Vice President and Head of Xchange Sales, noted that Licensing Essentials is built to scale with a firm's expansion. It brings the robust Xchange platform together with RegEd's Managed Services group, offering an agile and streamlined solution that grows with the firm while maintaining compliance.
The fast-paced implementation process of the solution is aimed at minimizing disruption and providing rapid value, enabling insurance companies to scale their operations effectively and stay aligned.
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