Use of CODE will increase regulatory compliance, decrease costs associated with complying, provide a high-degree of transparency related to compliance, and diminish insurers’ risks of regulatory fines. “Insurers have always faced regulatory challenges, and most experts agree regulatory scrutiny will be increasing,” said Jerry Shafran CEO & Co-founder of the firm. “Our software was designed in conjunction with insurers to ensure solutions to regulatory issues insurers face everyday.”

Key element within the CODE solution is Compliance Lifecycle Management™ (CLM). This functionality encompasses all activities an insurer must perform to be aware of, comply with and demonstrate compliance with all regulatory changes. It is a set of automated practices necessary to ensure a high-degree of compliance and audit readiness for insurers.

Since 2004, CAC has been providing its original product, Comply On Demand Producer to insurance producers/agents and as a way to reduce identity theft, however CODP helps producers to comply with privacy and security regulations only. CODE helps both insurance companies and their producers to comply with a broader range of regulations and changes – not only regulations regarding the safeguarding of their customers’ private information.

About: Compliance Assurance Corporation
Compliance Assurance Corporation is the leading provider of Governance risk and compliance solutions specific to the insurance industry. Their solutions provide complete compliance with many regulatory risks insurers face today. For more information, visit http://www.complyfast.com.