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LexisNexis and Compliance 360 Announce New Insurance Compliance Solution

Dayton, OH, and Atlanta, GA.- February 13, 2006–– LexisNexis U.S., a leading provider of information and services solutions, and Compliance 360, a provider of governance, risk, and compliance management software, have teamed up to fulfill a need for insurance professionals by offering an integrated service that brings together LexisNexis® Insurance Compliance and the Compliance 360 platform.

This unique combination allows insurance compliance professionals to get a comprehensive view of legal and regulatory issues and have this information automatically incorporated into a compliance workflow solution so it can be managed in one place.

“The insurance market is heavily regulated, making it difficult to stay current with the constant changes and manage the tasks and activities to stay compliant,” stated Steve McGraw, president and chief executive officer, Compliance 360, Inc. “With this joint solution, insurance organizations can get a comprehensive view to stay on top of newly enacted laws at the state-level, while increasing accountability and providing management visibility of their compliance status.”

Clemens Ceipek, senior vice president of U.S. Corporate Markets for LexisNexis said, “We have taken an innovative approach to fix a workflow issue. It eliminates extra manual work and helps insurance professionals respond more quickly to regulatory changes. This solution is going to turn heads. People take notice when something can help them avoid costly regulatory investigations and penalties.”

The LexisNexis Insurance Compliance Solution (http://www.lexisnexis.com/compliance/) is a critical component because it provides unique and comprehensive regulatory and legislative content to track changes and ensure early warnings, expert industry advice, 50-state surveys of top issues, and a state-of-the-art insurance taxonomy/index that makes it possible to search by different terminology and issues across all 50 states.

Compliance 360 brings an innovative web-based software application that automates the management of corporate compliance programs while providing real-time visibilty into compliance status.

For More Information
LexisNexis subscribers can contact their LexisNexis account representative. For general information and to learn how to subscribe, call 1-(800) 227-4908, opt. #3. To reach Compliance 360, contact
Craig Peeples, vice president of Business Development at (678) 527-2450.

About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.

About Compliance 360, Inc.
Compliance 360 helps companies in regulated industries address the most important facets of a comprehensive governance, risk and compliance management program—reducing risks, reducing costs, improving efficiencies and protecting a company’s brand. The Compliance 360 on-demand software suite includes products that address IT governance, policies and procedures management, incident management, surveys, Sarbanes Oxley compliance and enterprise risk management. Compliance 360 has headquarters in Atlanta, GA and serves over 300 customers in financial services, healthcare, insurance, and other highly regulated complex business environments. For more information, visit Compliance 360 at www.compliance360.com.

 

Media Contact
Compliance 360, Inc.
Scot McLeod
VP, Marketing
(678) 992-0262
media@compliance360.com





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