Contract Management

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  • 1.  Insurance Carriers

    Posted 18 days ago
    Hello,
    This is for my fellow financial institutions. 

    How do you manage your insurance vendors (vision insurance for your employees, health insurance, etc.)?

    Thank you!


  • 2.  RE: Insurance Carriers

    This message was posted by a user wishing to remain anonymous
    Posted 18 days ago
    This message was posted by a user wishing to remain anonymous

    We check their A.M. Best rating annually to make sure they're still financially sound, but that's about it.  The insurance industry is highly regulated so we don't require much else.


  • 3.  RE: Insurance Carriers

    Posted 18 days ago

    I have another question for you if you don't mind.

     

    Do you add them to your vendor management program, or do you just keep a file for them?

     

    Thank you!

     

     


     

     

     

    Chelsea Austin
    CUCE CRVPM

    Compliance Administrator









  • 4.  RE: Insurance Carriers

    Posted 18 days ago
    We treat our insurance providers just like any other third party vendor.  Hope that helps.

    Brian


  • 5.  RE: Insurance Carriers

    This message was posted by a user wishing to remain anonymous
    Posted 18 days ago
    This message was posted by a user wishing to remain anonymous

    Chelsea, 
    This is the prior "Anonymous" poster again.  We include them in our VM program, but because HIPAA is so highly regulated, we don't duplicate those oversight efforts.