Cincinnati-based Great American Insurance Group has selected Comply On Demand Enterprise (CODE) from Pittsburgh-based Compliance Assurance Corporation (CAC) to manage regulatory compliance within its specialty P&C, annuity and supplemental health lines of business.
CODE is a web-based system that CAC says uses analytics to identify where regulations apply to the insurance business.
"After a thorough evaluation of potential systems and software solutions, we believe CAC’s CODE product best meets our business needs," says Eve Cutler Rosen, SVP, general counsel and assistant secretary for Great American. We believe that CODE will improve efficiencies, enhance transparency, and help us ensure compliance”.
[How did Great American CIO Piyush Singh transform his company's core systems? Read the Q&A from our 2011 Executive Summit.]