Insurance regulation
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In production
Review every rate filing
with the precedent attached.
When an insurer asks to change its rates or forms, BEACON screens the filing for completeness, checks it against your rules and pulls similar past filings. Analysts spend their time on the items that need a decision.
The issue
Every filing is read
start to finish, by hand.
Hundreds of pages per filing
Analysts read actuarial memos, rate pages and forms end to end to find the few items that matter.
Precedent lives in people’s heads
Earlier objections and approvals for the same carrier are hard to find, so the same questions get asked again.
Deadlines run on the calendar
Deemer dates keep moving while filings wait in arrival order.
What we built
From submission to decision,
with nothing missed.
Every filing screened the day it arrives.
BEACON reads the filing, confirms the required items are there and builds a one-page summary, so nobody starts on page one.
- Required documents checked against your checklist
- Line, change requested and policyholders affected pulled into one record
- Missing items listed for a clarification request
Your rules, applied to every page.
Each rule in your compliance checklist is checked against the filing, with the source cited and the passage quoted. Analysts see what passed, what failed and why.
- Checklist built from your statutes, bulletins and past objections
- Every finding linked to the page it came from
- High-risk items flagged for a closer look
Past filings, one click away.
Similar filings from the same carrier and line come up beside the one in review, with the objections and decisions that went with them.
- Carrier history and changes since the last filing
- Earlier objection letters searchable by topic
- Changes from prior approved rates and forms highlighted
The analyst decides. BEACON drafts the letter.
Analysts approve, ask for clarification or object. BEACON drafts the letter from the findings, and the decision goes back into the record.
- Draft objection letters ready to review and edit
- Decision rights set by your department
- Deemer dates tracked on every filing
Engines used
Three of BEACON’s five engines,
configured for filings.
FIND
Reads every filing
Pulls rates, rules, forms and actuarial support out of each submission, and makes past filings searchable.
ADAPT
Applies your checklist
Checks each filing against your rules and flags what needs a decision, with the source cited.
RENDER
Shows what needs deciding
A review screen for every filing, a deadline view for every analyst and a summary for leadership.
More in Insurance regulation
Other questions
BEACON answers.
Bring a filing you’ve already reviewed.
We’ll check it with you.
We’ll load a past filing and your checklist, and compare BEACON’s findings with your team’s in a working session.