Pittsburgh, PA, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Compliance Assurance Corporation (CAC), a leading provider of regulatory compliance solutions, today announced the release of the first GRC platform developed specifically for the insurance industry. The CODE GRC Management Platform will serve as the foundation of a suite of highly integrated solutions, each designed to address a specific challenge encountered by insurance organizations. At launch, CODE GRC Solutions will include Regulatory Change, Consumer Complaint, and Rate & Form Filing.
"With recent increases in regulatory oversight, it's undeniable that the insurance industry is uniquely burdened by compliance issues. Considering the multiple layers of regulation and complexity facing insurers, those that take a strategic, enterprise approach to these issues will be at a significant competitive advantage," explains Jerry Shafran, CEO of CAC. Shafran continued, "We've brought to market the first GRC platform that was designed specifically to enable insurers to manage these unique challenges, with a truly integrated solution."
The CODE GRC Management Platform is the next generation of CAC's Comply On Demand Enterprise (CODE), a solution that since its release has been implemented by many of the nation's most prominent Property Casualty and Life and Health insurers for the management of regulatory changes. The expanded platform will retain these capabilities in the Regulatory Change application, which will be available at launch along with CODE GRC Solutions Consumer Complaint and Rate & Form Filing. Market Conduct Exam and Policy & Procedure Solutions are scheduled for early-2014 release.
The CODE GRC Management Platform will provide client firms significant benefits, including:
• Agile development capabilities that rapidly meet the changing demands of the insurance industry
• Highly integrated solutions that offer valuable cross-functional data and intelligence
• Ease of use and adoption, ensured by shared user interface and functionality that are found within all components of CODE GRC.
GODE GRC Solutions are available now.
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About Compliance Assurance Corporation
Compliance Assurance Corporation (CAC) delivers highly integrated solutions that automate and simplify tasks related to compliance in the insurance industry. The firm's flagship CODE GRC Management Platform provides a comprehensive framework for managing critical compliance and risk functions such as regulatory change management, consumer complaint management, and regulatory filing. CAC is a division of StoneRiver Risk and Compliance.
For more information on CAC and CODE GRC, visit www.complyfast.com or call 1-877-690-6201.