SAI Global and Clear Market Practices Enhance Regulatory Change Management Solution for Insurance and Financial Services

ALPHARETTA, Ga.--(BUSINESS WIRE)--SAI Global Compliance, the world’s leading provider of governance, risk and compliance (GRC) products, services and technology, including the Compliance 360^® software suite, announced today that Clear Market Practices, an industry leader in regulatory monitoring and reporting for the insurance and financial services industries, has enhanced its subscription to provide SAI Global customers with daily regulatory content updates, including notice of laws, regulations and bulletins, to streamline their compliance and risk management programs.

“Our financial services and insurance customers have benefitted from the timely reporting provided by Clear Market Practices for the last two years”

Through integration with the Compliance 360 suite, customers who subscribe to Clear Market Practices can now have daily updates on critical regulatory reports, analysis and information. Each reported item includes complete details with the full text of the content. The system automatically generates workflow tasks for initial reviews and subsequent tasks such as the review and update of policies and procedures.

The partnership, which began in late 2010, previously has been providing weekly regulatory updates for property and casualty insurance, life insurance, health insurance, specialty insurance, banking and financial services customers. The enhancement to daily updates is a reflection of the rapid rate of change in industry regulations and the need for firms to have the latest data at their fingertips for quick compliance decision-making.

“Our financial services and insurance customers have benefitted from the timely reporting provided by Clear Market Practices for the last two years,” said Steve McGraw, GRC president, SAI Global Compliance. “The pace of change in the regulatory landscape is increasing. Clear Market Practices is responding to the accelerating pace by providing daily legal and regulatory content updates that will help regulated organizations stay a step ahead by giving them the critical information they need when they need it, through our GRC platform that streamlines the down-stream assessment, compliance and verification processes.”

“Compliance professionals are overburdened with legal and regulatory updates, and we realize that insurance and financial services firms in particular need updates as frequently as possible to aid their compliance efforts,” said Susan Sulfaro, president, Clear Market Practices. “By providing SAI Global’s customers with daily updates within their Compliance 360 GRC platforms, we aim to lessen their information-gathering burden and provide them with relevant information in a timely and easily digestible format.”

About Clear Market Practices

Established in 2001, Clear Market Practices, LLC is a provider of compliance reports to the financial services and insurance industries. Our company was founded by legal and compliance professionals with over forty years of home office experience. The goal was to provide timely information about regulatory changes, organized in a way that organizations can easily use the information. For more information, please visit www.clearreport.net.

About Compliance 360^® GRC Software Suite

The original Governance, Risk and Compliance (GRC) software solutions born in the cloud, Compliance 360 brings order and efficiency to the complexity of enterprise governance, risk management, compliance and audit management. The Compliance 360 GRC Software Suite includes regulatory compliance software, policy management software, internal audit software, incident management software, ERM software and a wide variety of specialty applications. More than 250,000 professionals every day in financial services, insurance, healthcare, distribution and other regulated industries rely on Compliance 360 applications to help protect their revenues, reputations and brands. www.compliance360.com

About SAI Global Compliance

SAI Global Compliance provides organizations with a wide range of governance, risk and compliance (GRC) products, solutions and services that help build organizational integrity and meet overall business objectives. With more than twenty-five years experience and offices in more than 25 countries, SAI Global’s solutions include a wide range of GRC products and services including the Compliance 360 GRC Software Suite, best practice Code of Conduct program services and training, compliance and ethics training and awareness, risk and culture assessments, a full range of advisory services, whistleblowing hotline services, regulatory knowledge, policy management, case management, and third party compliance management including automated assessments and workflow. www.saiglobal.com/compliance