Leading Insurer selects CODE™ for Regulatory Risk Management
Leading Insurer selects CODE™ for Regulatory Risk Management
Last Updated on Tuesday, 25 May 2010 08:33
PITTSBURGH, PA, April 28, 2010, Compliance Assurance Corporation (CAC), a leader in regulatory risk management solutions for the insurance industry, announced that Eastern Alliance Insurance Group (EAIG) has selected Comply On Demand EnterpriseTM (CODETM) to manage risk related to regulatory compliance.
As EAIG has grown to provide a broad range of products and services in 24 states, so has the number of regulatory risks they are subject to. EAIG identified the need to streamline and centralize activities associated with compliance. “Given the complexity of today’s regulatory environment, we wanted to establish a central platform for effectively tracking, managing, and responding to regulatory issues,” said Suzanne Emmet, Senior Vice President of Claims and Corporate Compliance.
As an insurance provider, EAIG is subject to a complex set of state and federal regulatory challenges. Ms. Emmet continued, “CAC’s exclusive focus on the insurance industry has allowed them to develop a solution that addresses our regulatory risks very effectively.”
“We’re excited that another prominent firm such as EAIG has selected our solution to help manage their regulatory risks,” said Jerry Shafran President and CEO of CAC. “We look forward to establishing a successful relationship as EAIG addresses their regulatory risks utilizing CODETM.
About EAIG
Founded in 1997, Eastern Alliance Insurance Group specializes in providing workers’ compensation products and services to businesses and self-insured clients. A member of the Eastern Insurance Holdings, Inc. (NASDAQ: EIHI) family of companies, EAIG has regional offices in Pennsylvania, North Carolina, and Indiana. Its Web address is www.eains.com.
About CAC
Compliance Assurance Corporation is a leading provider of enterprise governance, risk, and compliance management software for the insurance industry. Comply On Demand EnterpriseTM (CODETM) – our firm’s Software-as-a-Service (SaaS) solution suite – helps insurance companies address the significant challenges they face related to regulatory compliance. Customers using CODETM realize improved efficiencies, as well reduced regulatory and reputational risks.
For more information on Compliance Assurance Corporation and Comply On Demand EnterpriseTM, visit www.complyfast.com or call 1-877-690-6201, Barb Shafran, ext.*336
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