Gain Compliance provides a software solution that automates the preparation and filing of statutory financial statements, ensuring compliance with NAIC guidelines and improving data accuracy. By streamlining document formatting and integrating regulatory updates, the platform enhances the efficiency of statutory reporting teams, reducing the risk of non-compliance and errors in filed documents.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Preparing and filing statutory financial statements can be challenging for insurance companies due to the complexity of NAIC guidelines and the need for accurate data reporting. Manual processes in document formatting and integrating regulatory updates can lead to inefficiencies and increase the risk of non-compliance and errors.
Solution
Gain Compliance offers a software solution designed to automate the preparation and filing of statutory financial statements, ensuring compliance with NAIC guidelines. The platform streamlines document formatting, integrates NAIC and SAPWG updates, and ensures consistency between the Notes and electronically-filed data. By automating these manual tasks, Gain Compliance enhances the efficiency of statutory reporting teams, improves data quality, and reduces the risk of errors in filed documents. The software helps insurance companies stay up-to-date with regulatory changes and maintain compliance.
Target Audience
The primary target audience includes statutory reporting teams at insurance companies responsible for preparing and filing financial statements with the NAIC.
Features
- Automated document formatting for statutory financial statements
- Integration of NAIC and SAPWG updates
- Consistency checks between Notes and electronically-filed data
- Resource library for insurance statutory financial reporting teams