Life insurance provider Foresters has selected Compliance Assurance Corporation’s (CAC) Comply On Demand Enterprise (CODE) platform to reduce risk exposure and maintain compliance with insurance regulation in the US.
Established in 1874, Foresters provides its services to more than one million members in Canada, the US and the UK.
CAC’s CODE platform will help Foresters to deliver timely regulatory notifications and analysis as well as allowing insurers to effectively manage risk by automating regulatory change management processes.
The platform will translate regulatory changes into actionable tasks that can then be assigned, managed, and tracked through completion.
Foresters director of regulatory and business compliance Laura Bullard said, "The comprehensive nature of the CODE platform is what drew us to CAC’s solution."
"A more streamlined regulatory change management process that mitigates enterprise-wide regulatory risk will allow us to continue our strong growth trajectory while supported by a sound compliance methodology."
CAC’s team of legal and regulatory experts will continuously monitor the regulatory landscape and distill regulatory changes into content that is actionable for both compliance and business owners.