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“Now more then ever, companies rely on extended relationships to perform core business processes. These business relationships have the potential to create great value, but they can also cause great damage. But recent shareholder lawsuits and other industry ‘lessons’ are driving many boards to demand more information about risk in the extended enterprise” *

Eric Hespenheide, global managing partner, and David Zechnich, partner Deloitte & Touche LLP *


“Recent dramatic data privacy failures by large outsourcing service providers and financial services firm that serve both businesses and consumers underscore the global risks to which companies are exposed when they do not impose strict information security standards and practices on the third parties, and validate that those standards are being met” *

2006 Global Information Security Survey; Ernst & Young LLP *


* This quote should not in anyway be construed as an endorsement of any kind of any aspects of Compliance Assurance Corporation’s products or services by either the parties quoted or the firm with whom they were affiliated at the time their comments were published


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Compliance Dashboard

Visibility without Liability

Insurance firms have complex distribution networks that often include independent contractors and affiliated firms (extended enterprise). These firms have access to your clients’ private financial and health information.

  • Is that information being protected?
  • Is everyone compliant?
  • How do you know?

Federal law obligates you to ensure this information is being protected. In addition to regulatory concerns independent auditors and your executives and board members are beginning to ask questions about these obligations (see quote in box to left).

Historically these types of regulatory issues were reserved for larger firms who might have been publicly traded. New rules from the National Association of Insurance Commissioners (NAIC) extend these types of compliance requirements to most insurers.

Compliance Dashboard provides the visibility into your extended enterprise that today’s regulatory environment demands.

Compliance Dashboard provides a 360 degree view into all aspects of the requirements these firms are mandated with.

Compliance Dashboard includes all of your distribution channels; independent contractors, product/service distributors, and producers. View all of this without ever leaving your desk;

  • Aggregate totals of compliant producers
  • Compliance status by regulation, by producer
  • Immediate and accurate reporting on each producer
  • More

A truly comprehensive privacy compliance solution must include the ability to ensure that firms with whom you share your client’s private data are doing their part to protect it.


 
Proactive Notification on Compliance Regulations :::

In 2005, 25 new privacy and security were enacted that impacted insurance firms. Did anyone notify you? We monitor the regulatory and legal landscape, when changes occur, we execute the actions necessary to ensure you’re continued compliance and notify you of those changes; ensuring you remain protected.

SaaS delivery model provides easy-to-use, low cost solution :::

Our solutions are all delivered utilizing software-as-a-service (SaaS). This method insures that you can solve the issue of compliance easily and inexpensively. There is no expensive software to install on your systems, no hardware to buy either! All that is required is an internet connection and a phone.

Removes the Complexity from Compliance :::

The step-by-step approach leads you through all required steps to become compliant. This approach ensures that all steps are properly completed and documented in a timely and cost-effective manner.

Your Compliance Solution Needs to be as Unique as Your Business :::

Our software engine adapts to the size and complexity of you and your business systems, and then matches that to the exact consumer privacy and security regulations and requirements that impact your business.

Talk To A Real Person :::

When you have a question or problem, contact us. It can be a compliance regulation question, a suggestion for a new product, or just to vent about your in-laws. We realize how complex compliance can be and we are in it with you.

Guaranteed :::

All our products are guaranteed. This means if you are audited for a regulation covered by our software and the auditors find a compliance gap, we pay the fine. We are that confident.

© Copyright 2009 | Compliance Assurance Corporation
622 Second Avenue Pittsburgh, PA 15219 | 1-877-690-6201
Privacy Policy ::: Legal Disclaimer ::: info@complyfast.com

 
Webinar - Controls and Compliance in the Extended Enterprise :::
...expanded global footprint creates an increased risk of non-compliance...
The Three R’s Will Drive Carriers’ Fates in 2008 :::
Insurance & Technology - Nov 22, 2007
TJX Cos said on Friday it agreed to a settlement... under which it will pay up to $40.9 million related to a security breach... :::
Reuters - Nov 2007