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Mastering Model Audit Rule (MAR) implementation and optimization: A comprehensive guide for insurers
April 16 @ 11:30 am – 12:30 pm EDT
For insurers approaching the $500M threshold of direct and assumed written premiums, understanding the MAR internal control over financial reporting (ICFR) requirement and lifecycle is a key piece of regulatory compliance. The preparation to implement and optimize an effective MAR program, while staying in line with regulatory requirements and industry trends, can be challenging but is an opportunity for an insurer to enhance the value of their organization. While “approaching” can take on a different meaning to everyone, if your organization intends to hit the $500M threshold, it’s never too early to start considering your implementation plan.
In this engaging session, Baker Tilly insurance industry risk advisory specialists will guide you through key considerations, best practices and potential challenges associated with MAR implementation. From understanding regulatory requirements to optimizing model governance, this webinar aims to equip insurers with the knowledge and insights necessary to navigate the complexities of MAR compliance. Whether you are already in the process of MAR implementation or are gearing up for it, this webinar will provide valuable knowledge and tools to ensure a smooth and successful compliance journey. Don’t miss this opportunity to stay ahead in the dynamic landscape of insurance regulations.
Join us on April 16 from 12:30-1:30 p.m. ET. Questions will be encouraged throughout the webinar.
Learning objectives:
- Gain a thorough insight into the specific requirements outlined in the Model Audit Rule and how they impact insurance organizations
- Learn best practices for establishing robust model governance frameworks to ensure compliance and enhance the overall reliability of financial models
- Explore techniques for identifying and mitigating risks associated with MAR implementation, ensuring a proactive approach to compliance
- Understand how to seamlessly integrate MAR compliance into your existing business processes, minimizing disruption and optimizing efficiency
- Benefit from real-world case studies and examples that illustrate MAR implementation strategies, providing practical insights for application
Information about CPE eligibility:
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar. A certificate of completion will be emailed to you four to six weeks after the event.
Level: Overview
CPE credit: One (1) hours total credit
Field of study: Specialized Knowledge
For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.
Baker Tilly is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.
