Article
10 key considerations for a successful Model Audit Rule (MAR) program
Apr 29, 2025 · Authored by John Romano, Russell Sommers, Rachel Schmoyer
Insurers: Learn what not to do to ensure successful Model Audit Rule (MAR) compliance. For insurance organizations approaching the $500 million threshold of direct and assumed written premiums, understanding the MAR internal control over financial reporting (ICFR) requirement and life cycle 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.
As your organization faces the challenge of implementing and managing a successful MAR program, refer to this flyer for 10 key considerations to keep in mind during this process. Feel free to download it and share it with your team. We also have a Model Audit Rule implementation road map that you can download that you may find helpful during this process. Whether you are just starting your MAR journey or looking to refine your existing processes, these resources will provide valuable takeaways to help you steer clear of common mistakes and drive continuous improvement within your organization.
Watch the recording from our latest MAR webinar
Baker Tilly insurance industry risk advisory specialists recently hosted a webinar focused on avoiding common pitfalls in MAR implementation. They shared real-world examples, leading practices and actionable advice on what not to do during MAR implementation. Below you will find a recording of the webinar that took place on April 24, 2025.
