CUNA Mutual's system to keep track of state regulations and requirements was inefficient and time-consuming. Now, through a software solution, the carrier has dramatically reduced the steps involved in the filing process and has increased the speed of its products into the market.The need to oversee multiple projects simultaneously is a familiar one for just about any executive, but few are required to juggle as many as 51 scenarios at any one time.
But that's exactly what the compliance department of Madison, Wis.-based CUNA Mutual Group has to do. CUNA Mutual, which offers insurance and other financial services to credit unions and their members worldwide, does business in all 50 states and the District of Columbia. As a result, the company must stay on top of the changing regulatory environments in each market.
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