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Simplifying compliance and risk management
Audience by Industry
Compliance and Risk Management for Insurers
Insurance Regulations Supported
TruArx can help insurance organizations comply with close to 500 regulations and standards. Typically, the ones below are most important to our insurance clients:
- NAIC Model Audit Rule
- GLBA
- SOX 404 (including COSO, COBIT, and 15 others)
- PCI DSS
- HIPAA
- State Privacy / Breach Notification Laws (over 75 laws)
- International Privacy Laws (over 40 laws, including EU Data Privacy and PIPEDA)
- Direct Marketing Related Laws (US and International)
Customers Served
TruArx has the insurance industry experience to understand your business and technology issues. We are proud to serve:
- Property / casualty insurers
- Leading agencies
Relevant Services
While TruArx provides a wide range of services to clients from SaaS to consulting, the ones below are most commonly requested by our insurance clients. Please click the service to learn more.
- TruComply
- TruPCI
- TruAware
- Managed Risk and Compliance Services
- Security Index Assessment (SIA)
- PCI DSS Assessments
- Other Consulting Services
Insurance companies and agencies have historically faced a complex federal and state regulatory environment. This environment has only become more complex in recent years with the PCI DSS and state privacy and breach notification laws. Further, the NAIC’s Model Audit Rule (MAR), was recently passed and becomes effective in 2010, requiring that private insurance companies with direct premiums written and assumed in excess of $500 million per year adopt governance and reporting standards similar to those previously imposed on public companies by Sarbanes Oxley (SOX).
TruArx can help insurance companies manage all these regulations and more through TruComply. TruComply is an easy-to-use IT governance, risk and compliance application which can be fully implemented with a few weeks. Insurance clients can use TruComply to manage both internal and agency compliance.
Additionally, TruArx consultants can assist insurance clients by providing project-based services such as compliance / security assessments and disaster recovery and business continuity planning. Alternatively, for clients who lack the resources and skills to keep up with their compliance burdens, TruArx consultants can perform most IT compliance and risk management tasks through TruArx’ Managed Compliance and Risk Services.