November 17, 2016 | Palo Alto, CA: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) apps and solutions, presented the GRC Journey Award to MMI Holdings, one of the largest insurance-based financial services groups in South Africa. The GRC Journey Awards ceremony was held during the MetricStream GRC Summit on November 7, 2016 at the Grand Connaught Rooms in London. The GRC Summit featured over 50 inspiring speakers, and brought together more than 200 GRC experts and thought leaders from across Europe, US, Asia, Middle East, Africa and beyond to discuss some of today’s most pressing GRC concerns.

The MetricStream GRC Journey awards celebrate and recognize individuals, customers, and partners who are leading their organization’s GRC Journey, championing GRC programs, and achieving superior business performance through GRC. A total of ten awards were handed out in four categories. Presenting the awards were MetricStream Executive Chairman, Gunjan Sinha, and MetricStream Chief Operating Officer, Gaurav Kapoor.

The first category of awards was the eponymous GRC Journey Award, which recognizes customers with a well-planned, well-adopted GRC program. The winners of this award are customer organizations that have made exceptional progress along their GRC journey. They have a clear vision of integrated GRC and a high level of GRC maturity. They also have strong processes to adopt GRC across the enterprise, and as a result of their efforts, they are experiencing significant value.

The winner of this award, MMI Holdings, has consistently demonstrated a strong commitment to the highest standards of corporate governance. The company’s GRC journey is built on a visionary strategy of “combined assurance” which seeks to integrate and coordinate risk management and compliance with assurance functions such as internal audit. To realize this vision, MMI is bringing together risk management, issue management, loss management, operational audits, metrics, and more in one cohesive program – an approach that will not only deliver more confidence to the company’s assurance functions, but also strengthen decision-making and business performance.

Receiving the GRC Journey Award on behalf of MMI Holdings was Aadila Hashim, COO, Risk Management. Said Ms. Hashim, “This award is a testament to the perseverance and foresight of our executives and the risk, compliance and audit functions. Our GRC Journey began with the goal of establishing a holistic, collaborative, and sustainable GRC framework across the enterprise. Today, that framework is emerging as a key driver of performance and organisational excellence.”

“We congratulate MMI Holdings, the winner of our GRC Journey Award,” said Gunjan Sinha, Executive Chairman of MetricStream. He continued, “MMI Holdings has achieved exceptional GRC maturity through their combined assurance model which, in turn, is enabling them to respond to complex risks and regulations in an agile and effective manner.”

About MMI Holdings

MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE.

MMI was formed from the merger of Metropolitan and Momentum, sizable insurance-based financial services players in South Africa. With market capitalisation of R26.7bn and an embedded value of some R31.1bn, MMI was already the third largest life insurer in South Africa when it listed on the JSE Stock Exchange on 1 December 2010.

The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration, health risk management, employee benefits, and rewards programmes. MMI conducts its business through operating brands Metropolitan, Momentum, Guardrisk, and Eris Properties.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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Molly Palm : pr@metricstream.com | (925) 451-1468

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