NEW YORK, Sept. 1, 2004 (PRIMEZONE) -- Wolters Kluwer Corporate & Financial Services, a division of Wolters Kluwer and a leading provider of compliance resource solutions for financial organizations and their legal counsel, has introduced a new module to its AuthenticWeb(TM) workflow tool for insurance compliance professionals. The new AuthenticWeb Matrix covers Buyer's Guide requirements for Life, Annuities, and Long-Term Care products.
AuthenticWeb is a desktop tool consisting of over 30 different modules designed to help companies proactively establish regulatory compliant workflow processes and reduce potential financial exposure triggered by noncompliance. The AuthenticWeb Matrix modules, easy-to-use 50-state charts on a specific compliance issue, can be used both as desktop reference tools and for populating "rules" into in-house automation systems. They also can link with Wolters Kluwer's NILS INSource to provide easy access to cited regulation text.
The newest AuthenticWeb for Life, Annuities and Long-Term Care allows insurers to quickly access critical regulatory information, including when a Buyer's Guide must be provided to an applicant or insured individual, the impact of free-look language on requirements, state-specific variations, and whether the most recent version of the NAIC Model Guide is acceptable.
"AuthenticWeb is a good example of how we are developing and extending integrated web-based tools to help customers improve productivity and lower costs," said Bob White, CEO of Wolters Kluwer Financial Services. "For insurance professionals, this type of tool can significantly reduce the amount of time staff spends researching requirements affecting daily operations."
About CCH INSURANCE SERVICES
CCH INSURANCE SERVICES, part of the Wolters Kluwer Corporate & Financial Services division, is the leading provider of insurance-focused compliance tools, research, analysis, and forms. With more than 140 years of insurance regulatory experience, CCH INSURANCE SERVICES offers some of the industry's most highly respected brands - NILS INSource, ComplianceWare, Uniform AuthenticForms and AuthenticWeb.
About Wolters Kluwer Corporate & Financial Services
Wolters Kluwer Corporate & Financial Services is a leading United States provider of compliance resource solutions for financial organizations and their legal counsel. Major brands include Bankers Systems Inc. and CT Corporation. Wolters Kluwer Corporate & Financial Services is a division of Wolters Kluwer.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of (Eur)3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Media Peggy Wilson Director of Corporate Marketing Communications Wolters Kluwer Corporate & Financial Services Division t + 1 800-397-2341, Extension 5260 peggy.wilson@bankerssystems.com Caroline Wouters Vice President, Corporate Communications Wolters Kluwer nv t + 31 (0)20 6070 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations Wolters Kluwer nv t + 31 (0)20 6070 407 ir@wolterskluwer.com www.bankerssystems.com www.wolterskluwer.com