Ohio-based Great American Insurance has chosen Compliance Assurance Corporation’s (CAC) Comply On Demand Enterprise (CODE) to mitigate enterprise-wide regulatory risks.
As per the terms of agreement, Great American will use CODE to manage the regulatory compliance requirements associated with its specialty property and casualty, annuity and supplemental health insurance businesses.
Great American Insurance senior vice president, general counsel and assistant secretary Eve Rosen said that the solution was selected as it met the firm’s requirements as well as is expected to reduce costs, improve efficiencies, enhance transparency, and help ensure compliance.
Great American Insurance, founded in 1872, is engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, sale of traditional fixed and indexed annuities as well as supplemental insurance products such as Medicare supplement.
Compliance Assurance provides comprehensive enterprise governance, risk, and compliance management platform for the insurance industry