Regulatory requirements for the insurance industry have increased significantly, and the need for enterprise-wide GRC is fundamental to staying compliant with the many complex regulations such as Solvency II and MAR.
MetricStream GRC Apps and Solutions for the Insurance Industry streamline your GRC processes, integrate risk and compliance data on a centralized framework, standardize risk and control taxonomies and offer the flexibility and scalability required for the changing business environment. Our solutions give you a unified and adaptable system with automated workflows and centralized information management.Download Solution Sheet
MetricStream GRC Apps and Solutions for the Insurance Industry
MetricStream GRC Apps and Solutions for the Insurance Industry integrate your corporate governance, risk management, regulatory compliance, and audit processes on a single, centralized platform. With options for deployment on the Cloud, the MetricStream GRC Platform gives you the flexibility and real-time visibility to access information and view processes from around the globe.
With our GRC Solutions, you can document, track, and manage GRC initiatives at multiple organizational levels for business functions as well as IT processes. The Solutions bring together risk and control assessments (RCSAs), automated alerts, data feeds, risk libraries, risk analytics, key risk indicators (KRIs), and real-time compliance dashboards to provide enterprise-wide transparency into risk management and regulatory compliance processes.
- Manage risks in accordance with industry standards.
- Enhance enterprise-wide visibility into your organization’s risk profile.
- Use a single system to manage regulatory guidelines such as Solvency II, NAIC-MAR, GLBA, AML, and KYC.
- Improve operational efficiency by reducing the time, resources, and effort, required for risk management.
- Manage policies and documents in a consistent and streamlined manner.
There has been increased public pressure to improve governance and improve regulation -- even the regulators are being regulated.