Meeting the Insurance Enterprise Compliance Challenge
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(1)Overview: In a highly regulated industry that has had to respond to increasingly stringent regulatory demands in recent years, it may seem that compliance could not get any more challenging for insurance companies. However, a worsening national economic situation, powered by a public perception of poorly managed corporate risk, has brought even greater urgency to the need for corporate transparency. Ultimately, insurers that meet the challenge of enterprise compliance take a proactive versus a reactive approach, coordinating regulatory compliance efforts with larger, longer-term enterprise content management (ECM) efforts that also address storage and records retention requirements.
