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Wolters Kluwer Customizes ERM Offering

Wolters Kluwer Financial Services announced that it has embedded specific compliance and regulatory intelligence most relevant to the U.S. insurance industry into its enterprise risk management (ERM) technology platform.

By staff Writer | Updated on October 19, 2010

Wolters Kluwer Financial Services announced that it has embedded specific compliance and regulatory intelligence most relevant to the U.S. insurance industry into its enterprise risk management (ERM) 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 must consider the requirements of regulators, who want to confirm that insurers have sound compliance and risk assessment processes, as well as ratings agencies and analysts, who expect insurers to have an ERM process in place to document control environments and risk assessments.

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