Don’t Take Risks When it Comes to Insurance Compliance

Protect your interests

Keep pace with regulatory changes

When The For the People Act, also known as H.R. 1, was signed into law in the United States, there were substantial changes and provisions specific to the insurance industry that came with it. For example, life insurers now face new reporting obligations on policy sales for both the purchaser and the issuing company.  Property-casualty and health insurance companies have new regulations around loss reserve discounting and the proration of certain types of investment income. And finally, there were considerable changes to international tax rules that have the potential to disrupt global operations for multinational insurance companies. Staying informed about regulatory changes has never been more important.

Sovos helps eliminate the tax risk for insurers:

Manage multiple regulations

Holistically manage all tax obligations from one central dashboard.

Oversee multiple product lines

Scale to any number of different product offerings.

Provide full transparency

Generate detailed reports that fully satisfy regulatory obligations.

Strengthen audit defense

Provide accurate, detailed documentation for every transaction.

Automate regulatory updates

Receive the latest regulatory guidance as it happens.

Conduct multinational tax management

Manage transactions across countries while adhering to all local tax laws.

Solve it all with Sovos

Value-Added Tax (VAT)

  • E-invoicing compliance
  • Digital VAT reporting
  • VAT determination
  • Insurance premium tax
  • Learn more