Regulatory Compliance for Insurers

Products

CODE

Comply On Demand Enterprise (CODE) provides insurers with the most comprehensive regulatory risk management solution that cuts across functional domains, lines of business, and infrastructure.

We have built a regulatory risk management software that:

Takes regulatory changes and translates them into a set of business requirements as well as provides tools designed to help in the completion of the tasks (Regulatory Intelligence).

Publish our Regulatory Intelligence with closed-loop compliance process management software allowing you to assign, manage, monitor and validate tasks associated with compliance.

The Result...

Everything an insurer needs to...

Be aware of...

Comply with, and...

Demonstrate compliance with all regulatory changes relevant to them

Using CODE insurers comply more effectively, save money over ad-hoc non-programmatic compliance solutions, demonstrate compliance more effectively and diminish risks associated with large regulatory fines.

CAC focuses exclusively on providing insurance industry compliance. As a result, firms have a high-degree of confidence in the solutions we bring to the insurance marketplace. To learn more about how you can more effectively comply and decrease your overhead and regulatory risks, contact us today.

Click here for the CODE Product Sheet.

Comply On Demand Enterprise - CODE

Comply On Demand Enterprise (CODE) combines the power of robust fully-featured compliance process management software with insurance focused Regulatory Intelligence; the result, the most comprehensive regulatory risk management solution for insurers that:

Monitors the regulatory landscape for regulatory changes
Sends timely notifications of regulatory changes that are important to you
Provides Relevance testing functionality
Transforms regulatory changes into Regulatory Intelligence
Assigns, manages, and monitors, performance of tasks required to comply
Validates that on-going tasks associated with compliance continue to be performed
Extends complaince functionality to an insurer’s agency network when necessary
Extensive reporting capabilities to ensure transparency regarding activities associated with compliance

At the center of our solution is Compliance Lifecycle Management™ a set of best practices developed specifically for the regulatory compliance issues insurers face every day. Some of the key capabilities of the Comply on Demand Enterprise solution include:

Regulatory MonitoringA close relationship with our content partners ensures timely notification of regulatory changes.

Relevance TestingStudies show on average, insurers spend 93 days on a compliance project prior to ensuring the regulatory change is TRULY relevant to them. We provide relevance testing data up-front, a design that streamlines the process to minutes versus days or weeks.

Regulatory InterpretationOur team of compliance experts examines the regulatory change and interprets the legal language into the business requirements (new or changed) the insurer is subject to due to the regulatory change.

Automated Task ManagementFull life-cycle management of tasks, policies and procedures including customizable workflow for collaboration and approval activities as well as version control and audit trail features.

Executive DashboardCustomizable home page featuring drill-down charts and graphs as well as task escalation features.

Automated AssessmentsComplete suite of assessment tools to automate monitoring of compliance status.

Insurance Focused Regulatory ContentOur software delivers tasks and tools designed to “jump-start” the process of compliance. Our deliverables our built and evaluated by a team of legal experts focused exclusively on insurance compliance issues. Our diligent research and expert evaluation provides added quality assurance.

Document ManagementCustomized automated workflow processes that automate collaboration, establish paths for approval routes and keep everyone on track for timely revisions. Workflow is graphically displayed for easy viewing and configuring.

Project ManagementEnterprise-wide project management with automated task assignment and management capability to promote collaboration and accountability. Includes extensive review and reporting capabilities.

Task ValidationFully automated graphical display of all tasks associated with compliance as well as red/yellow/green validation of (and auto-remind) performance of tasks.

SurveysCreate and publish customized surveys for data collection of any type including attestations and audits. This feature provides automated distribution of surveys to an unlimited number of respondents including firms external to your enterprise.

Reporting and SearchReal-time reporting tools provide a global view of all activities related to compliance and risk management with extensive drill-down capabilities. Comprehensive search capabilities allow for quick retrieval of needed information.

Compliance Portal™Publish compliance requests, surveys, attestations, FAQs, etc. to partners not directly employed by your firm (agents and vendors). Track and report responses.

Comply On Demand Enterprise - CODE

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