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2025 NAIC Bond Project – The Insurer’s Guide
The regulatory landscape for insurance companies is undergoing significant changes with the Principles-Based Bond Project which is set to take effect on January 1, 2025.
Automate NAIC Compliance with Statutory Reporting Software
The time it takes for insurers to remain compliant with statutory requirements can add up quickly. The tasks involved are manual, time-consuming and complex.
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Sovos Featured Value Added Tax Services for Statutory Reporting
Real-time updates
Get up-to-the-minute updates for every jurisdiction you have VAT obligations in a single, simple and centralized location.
Automated processing
Eliminate the need to generate returns, intrastate returns or manual listings through automation.
Data accuracy, analytics & reporting
Increase productivity through automatic data additions, adjustments, corrections and validations based on custom accuracy settings.
Data extraction & upload
Upload existing data from legacy, host and ERP systems into a single interface in seconds.
Features that make Sovos insurance statutory compliance the industry leader
Annual and quarterly filing statements
Automatically generate NAIC-required annual and quarterly statutory financial statements.
Data flexibility
Import financial data straight from the general ledger through an API integration or Excel. This empowers your business to change and grow without IT or compliance restrictions.
Data validations
Validate annual and quarterly financial statements in real-time as the statements are being prepared.
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