RegEd Expands Enterprise Insurance Compliance Management Platform

Incident Management Solution Enables Insurers to Fully Manage the Lifecycle of IT, Cybersecurity, Ethics and Compliance Incidents

Raleigh, NC, March 31, 2015 (GLOBE NEWSWIRE) -- RegEd, a leading provider of technology solutions for compliance and risk management to the financial services industry, today announced the expansion of the Comply On Demand Enterprise (CODETM) Platform, which has been implemented by dozens of the nation's leading insurers. CODE Incident Management is designed to significantly streamline the response and remediation process to mitigate the risk associated with incidents.   

"As management of IT, cybersecurity, and compliance requirements becomes more onerous, it is critical that organizations effectively capture and track reported incidents and issues discovered as part of an audit, regulatory examination or testing program," stated Jerry Shafran, Executive Vice President, RegEd. "Firms that fail to respond effectively to incidents in a timely manner can face significant non-compliance risks and potentially harsh consequences," Shafran continued. 

CODE Incident Management, one of five enterprise compliance applications delivered on the CODE Platform, enables an efficient process for the assignment, tracking and remediation of all incidents to ensure timely resolution in a closed-loop process. Incidents are captured from internal and external sources and tracked throughout the remediation cycle.  CODE's enterprise dashboards and comprehensive reporting enable the ready identification of negative trends so that remedial actions can be undertaken before risk materializes. Comprehensive documentation and audit trails are captured and memorialized, enabling preparedness for market conduct exams.

CODE Enterprise Platform capabilities provide robust workflow, work-process and task management, while embedded regulatory intelligence delivers actionable, relevant compliance requirements. The combination enables financial services firms to efficiently identify, track and fulfill compliance obligations, dramatically reducing the risk of non-compliance and related consequences.  Other CODE applications include Regulatory Change Management, Policies and Procedures Management, Consumer Complaints Management and Market Conduct Exam Management. CODE is fully configurable, scalable and extendable to enable companies to cost-effectively build on the initial investment as their needs expand and evolve.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.  For more information, please visit


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