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Wolters Kluwer Customizes ERM Tool for Insurance Market

GRC Announcements | October 20, 2010

Wolters Kluwer Financial Services has embedded specific compliance and regulatory intelligence most relevant to the U.S. insurance industry into its enterprise risk management technology platform, ARC Logics for Financial Services. The new Risk and Controls module for insurance helps insurers better understand and evaluate the status of risk across their entire organization.

Insurers can analyze risk by business unit, risk category or region; prioritize remediation of the most urgent issues; and address risk before the associated issues become problematic. “Insurers are not only feeling pressure from external parties, but internal stakeholders as well, such as boards of directors who are requesting increasing degrees of financial disclosure and transparency,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Enterprise Risk Compliance business. “Our enhanced Risk and Controls module helps insurers make informed decisions about risk...

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