Adoption filings can be one of the most challenging processes for insurance companies, touching multiple departments and requiring precise coordination. In a recent interview with Tim Perr, Managing Principal and CEO of Perr&Knight, we explored why adoption filings remain complex, the risks of mismanagement, and how Perr&Knight helps insurers streamline the process through a combination of consulting services and proprietary software.
Adoption Filings Present a Key Challenge for Insurance Companies
Adoption filings often involve changes to rates, coverages, or both—making accurate management critical. “They also touch many stakeholders at an insurance company,” Perr explained. “These include the regulatory team that needs to know what filings to prepare, the marketing group that needs to communicate with policyholders, the claims department that needs to track coverage changes, and the IT department that must program new rates.” Because each department depends on timely and accurate information, sequencing becomes essential. Missteps in coordination can lead to delayed implementations, potential fines, and reputational risk for insurers.
How Perr&Knight Supports AAIS Members in Managing Adoption Filings
Perr&Knight helps insurers manage adoption filings efficiently through a blend of consulting expertise and proprietary technology. “Our software provides customizable workflows tailored to each company’s business needs and bureau affiliations,” Perr said. Their platform manages the sequencing of regulatory actions, submissions, and notifications—ensuring all stakeholders receive the information they need, when they need it. All activities are documented and archived for easy retrieval and accountability. Built-in automation further enhances speed and precision, and Perr&Knight continues to invest in ongoing improvements to their software.
The Advantages of an Automated Approach
Many insurance companies rely on small compliance teams—sometimes just one person—to manage their bureau adoption process. Perr noted that this can create a single-point dependency risk: if a key team member leaves or is out for an extended period, their institutional knowledge can disappear with them. Perr&Knight’s automated solution eliminates that risk by driving workflows, tasks, and communications through a proven, structured framework. “Our software ensures the process doesn’t rely on one person,” Perr said. “It’s built on years of best practices to deliver consistency and reliability every time.”
About Perr&Knight
Perr&Knight’s consultants and proprietary software work hand in hand with clients and their internal teams. Solutions are tailored to each organization’s specific needs—whether they choose to license the software, engage consultants, or use a combination of both. “In every case, our focus is on delivering services with speed, precision, and value,” Perr shared.
Learn more at perrknight.com.
To view the full interview with Tim Perr, click on the video above.
