Dealing with state, national, and international regulations is increasingly complex. Open Text offers specific compliance solutions, such as an anti-money laundering (AML) insurance solution for life insurance and cash-valued products, as well as solutions that help your organization to solve requirements for SOX, NAIC, UK FSA, or EU-directed regulations.
The Open Text approach to insurance regulation is to fully incorporate compliance capabilities into your organization’s core insurance business processes. When new regulations spur immediate action on the part of your business, Enterprise Content Management (ECM) solutions from Open Text deliver complete document and records management capabilities within a department, in conjunction with agents or intermediaries, or across the entire enterprise.
ECM solutions from Open Text for regulatory compliance deliver this functionality with the following components:
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
Improved regulatory compliance in all jurisdictions
Improved launch planning and execution
Timely response to market changes
Lifecycle planning and management
Shorter time to market with new products
Faster adjustment of rate structure to match experience
Shorter and more successful audits