Avoiding common pitfalls in Model Audit Rule (MAR) implementation for insurance organizations
Insurers: Learn what NOT to do to ensure successful Model Audit Rule (MAR) compliance. For insurance organizations 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. There are several challenges to face when implementing a MAR program. Ensuring compliance while enhancing internal controls and fostering a culture of accountability is no small feat. This webinar aims to equip insurers with critical insights into common pitfalls to avoid during MAR implementation. By understanding these challenges and how to navigate them, participants will be better prepared to achieve a successful and compliant MAR program.
Join us for this informative session where Baker Tilly insurance industry risk advisory specialists will share real-world examples, leading practices and actionable advice on what NOT to do during MAR implementation. Whether you are just starting your MAR journey or looking to refine your existing processes, this webinar will provide valuable takeaways to help you steer clear of common mistakes and drive continuous improvement within your organization.
Register now and join us on April 24 from 1-2 p.m. ET. Questions will be encouraged throughout the webinar.
Learning objectives:
- Outline a brief overview of MAR regulations and the importance of a robust ICFR framework
- Understand the most frequent mistakes insurers make during MAR implementation and their potential impacts on compliance and internal control effectiveness
- Explore techniques for identifying and mitigating risks associated with MAR implementation, ensuring a proactive approach to compliance
- Hear from insurance industry specialists about their success stories, leading practices, MAR myths and lessons learned in MAR program implementation
Who should attend? Chief financial officers, chief risk officers, chief compliance officers, chief executive officers, chief audit executives, internal audit, controllers, finance department personnel, corporate general counsel, legal departments and any role who assists in implementing or managing a MAR program
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) hour 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.
