PITTSBURGH, PA, June 25, 2010, Compliance Assurance Corporation (CAC), a leader in regulatory risk management solutions for the insurance industry, announced that The Baltimore Life Insurance Company has selected Comply On Demand Enterprise^TM (CODE^TM) to manage risk related to regulatory compliance.

Like all insurance firms Baltimore Life is constantly searching for more effective ways of conducting business.    "We are all being asked to “do more with less”.  CAC’s solution includes regulatory intelligence, created by CAC, published inside of their compliance-process-management software.  This combination will save us time and money.” stated Harold Rojas Senior Vice President, General Counsel and Secretary.

As a life insurance provider, Baltimore Life is subject to a complex set of state and federal regulatory challenges. Mr Rojas continued, “We are excited about centralizing many of our activities related to mitigating regulatory risk in one solution. CODE^TM will take the place of several legacy systems and manual processes.” 

“Life insurers are now required to extend compliance supervisory systems down to the transaction level.  Oversight is increasing, we are excited that a firm such as Baltimore Life 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 Baltimore Life addresses their regulatory risks utilizing CODE^TM.”

About The Baltimore Life Insurance Company
Established in 1882, The Baltimore Life Insurance Company has served seven generations of policyholders. By building and preserving high quality assets, Baltimore Life has upheld its commitments to policyholders through the years. Baltimore Life is licensed in 49 states and the District of Columbia. For more information, please visit www.baltlife.com or call 1.800.628.

About CAC
Compliance Assurance Corporation is a leading provider of enterprise governance, risk, and compliance management software for the insurance industry. Comply On Demand Enterprise^TM (CODE^TM) – 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 CODE^TM realize improved efficiencies, as well reduced regulatory and reputational risks.

For more information on Compliance Assurance Corporation and Comply On Demand Enterprise^TM, visit www.complyfast.com or call 1-877-690-6201, Barb Shafran, ext.*336