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Proformex Publishes Reg BI Resources Center Ahead of SEC Compliance Date

Jun 25, 2020 8:20:38 AM

InsurTech startup compiled its own resources and other reliable industry source material to help educate customers and peers about what SEC Reg BI entails

CLEVELAND, Ohio – June 25, 2020 – Proformex, creator of a proactive life insurance policy monitoring platform designed to give insurance agents, advisors and fiduciaries better oversight and visibility into the performance of inforce life insurance and annuities, today announced that it has published a “Reg BI Resources Center”.

With the SEC Reg BI Compliance Date of June 30, 2020 rapidly approaching, the team at Proformex sought ways to help life insurance industry professionals feel prepared and confident about establishing their compliance with these new regulations. Through a combination of materials produced by the Proformex team as well as resources from other industry experts and publications, they have compiled a comprehensive warehousing of all the relevant data broker-dealers and producers alike will need in the coming months.

“Demystifying the nuanced and complex new regulations under the SEC Reg BI umbrella is something we all as an industry have been trying to do since the legislation originally passed last year,” said Mike Pepe, Founder of Proformex. “In the past year, we’ve made it one of our top priorities at Proformex to create and find resources to share with our customers and peers about Reg BI to help clarify uncertainties and set our industry up for success. We are happy to announce that the resources center is now live and we hope it will prove to be helpful and valuable.”

The Proformex Reg BI Resources Center is live on their website today, and will be updated continually as the industry navigates any challenges that arise after the compliance date hits for these regulations.

About Proformex

Proformex is the industry leading life insurance inforce policy management solution for producers, financial advisors, trustees, and distributors. Our carrier and distribution agnostic platform enables customers to securely store, manage and analyze their entire inforce book of business in one place. Designed to proactively alert users of potential problems with their client’s inforce policies, Proformex protects policies against lapsing, degradation and asset erosion.

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