News
Printable
version
LexisNexis and Compliance 360 Announce New Insurance Compliance
Solution
Integrated compliance service tackles a workflow issue, gives insurance
organizations a comprehensive view into legislative and regulatory
tracking and links it to the compliance management process
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 Contacts
Compliance 360, Inc.
Kathryn Towns
Director, Marketing
(678) 992-0262
media@compliance360.com
LexisNexis
Jennifer Aleknavage
(301) 951-4565 (U.S.)
jennifer.aleknavage@lexisnexis.com
|
