Michael Rasmussen President GRC 20/20 Research

Compliance Assurance Corporation (CAC), a leading provider of regulatory compliance solutions for the insurance industry, has announced that the firm has received a 2013 GRC Technology Innovation Award in recognition of Compliance Idea eXchange – a new feature of its flagship platform, Comply On Demand Enterprise (CODE). The award is presented by noted GRC advisory firm, GRC 20/20 Research.

“The award is meant to recognize the organizations that are revolutionizing the GRC market and delivering truly game-changing capabilities to their clients. With Compliance Idea eXchange, CAC is enabling users to drive innovation in the insurance vertical, and beyond that, spreading innovation by making those capabilities available to the rest of its clients in the form of applications,” said Michael Rasmussen, President, GRC 20/20 Research. 

“The inspiration for Idea eXchange comes from interactions with our customers. We saw a trend: our users were coming to us with new and exciting ways to use the CODE platform. Many of these were uses we had never considered; Customer Satisfaction Survey and AML Training are two examples. Idea eXchange is our way of capturing client-driven innovations and making them available to the broader community of CODE users,” said Jerry Shafran, President and CEO of Compliance Assurance Corporation. “Recognition from an organization like GRC 20/20 is validation that this is a truly innovative model for driving more value to our customers,” he continued.

Compliance Idea eXchange is designed to tap into the collaborative nature of the compliance community within insurance, and to give CODE users access to applications that improve the way that many common compliance and business functions are performed.

Compliance Idea eXchange is now available as part of Comply On Demand Enterprise (CODE).

Compliance Assurance Corporation (CAC) delivers workflow-enabled technology solutions that automate and simplify tasks related to regulatory compliance. The firm’s flagship platform, CODE, provides the combination of regulatory intelligence and a comprehensive framework for managing regulatory changes across the organization, and it has been implemented by some of the nation's largest P&C and Life insurance companies. Compliance Assurance Corporation is a division of StoneRiver Risk and Compliance.