With the recent changes in insurance oversight, particularly with the introduction of the Comprehensive Capital Analysis and Review (CCAR) regulatory requirements, our client needed to document, enhance, and, where necessary, amend their current business practices and controls.
The Milluk team, with their deep understanding of these new requirements as well as their insurance expertise, helped this large insurance carrier meet and, in many cases, exceed Fed requirements.
Furthermore, our client was able to implement necessary changes to their operating model in a timely manner without any disruption to day-to-day activities.
Operational Review: Comprehensive Capital Analysis And Review (CCAR)
Members from the Milluk team worked closely with a varied cross-section of departments, including but not limited to,
- Marketing and Sales Teams;
- Underwriting and Product Towers;
- Support functions such as F&A, Operations, Claims, Reinsurnace, and Technology.