Workflow Templates: risk monitoring checklist

Review changes in insurance regulations and ensure adherence

Verify that all policy documents comply with current laws

Assess the impact of new legislation on existing products

Conduct periodic audits to ensure compliance with industry standards

Train staff on regulatory requirements and updates

Evaluate the effectiveness of current operational processes

Identify potential process bottlenecks and inefficiencies

Monitor claims processing for accuracy and timeliness

Ensure robust data security measures are in place

Assess the adequacy of disaster recovery plans

Analyze trends in premium collection and payout ratios

Monitor the solvency margin and capital reserves

Evaluate investment portfolio performance and risks

Review reinsurance agreements for adequacy and risk transfer

Assess the impact of economic changes on financial projections

Survey policyholders to gauge satisfaction levels

Track and analyze complaint resolution times

Review customer service protocols for efficiency

Ensure clear communication of policy terms and conditions

Monitor social media for customer feedback and brand perception

Assess the need for software updates and system upgrades

Evaluate the effectiveness of current digital platforms

Monitor emerging technologies for potential integration

Ensure cybersecurity protocols are up-to-date

Train employees on new technology implementations

risk monitoring checklist