Top 10 list to make your Annual Statement filing period a success!

Julie Kramer Julie Kramer, Financial & Compliance Product Director

  1. Make sure to keep up to date with the NAIC blank changes that could affect the way you report your data.
  2. Review the documentation provided with each release.  Details in the documentation may include things like: new software enhancements, updates to formulas and regulatory changes. Be sure to share these documents with others on your team!
  3. Create import files from your source data (Excel, GL, Investments, Reinsurance, etc).
  4. Print your data to a PDF file. This allows you to send to managers for review and saves a tree!
  5. View & correct your crosschecks as they run real time; no need to wait until the last minute.
  6. Set security so that users only have editing rights to the schedules that they need to edit.  This will alleviate anyone accidentally changing data in schedules they shouldn’t be editing.
  7. NONE all the identifiers that are not applicable to your company; this can be done in December and makes the work load smaller.  Users can also filter their list of schedules by hiding the NONE’d pages.
  8. Be sure to review any Frequently Asked Questions documents that you may receive and check the NAIC website often for any last minute changes.
  9. It’s always a good idea to start working on the statement prior to February 28.
  10. When in doubt, call your software support staff – they are here to help!

With this list, chocolate, (or other favorite candy), assorted salty snacks, and two cases of your favorite beverage (non-alcoholic, of course) you should be all set for year-end!  Good luck and Happy Holidays!!

To learn more about StoneRiver’s eFreedom Annual Statement software click here.

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