Wolters Kluwer Financial Services said CUNA Mutual Group has selected its enterprise risk management solution suite, ARC Logics for Financial Services.
The solution’s modular approach enables insurance companies, securities firms and banks to fulfill their immediate risk management objectives while allowing for expanded future usage of the same platform, the company said.
“Our ERM solution suite allows financial organizations to identify, monitor and manage risk, be it a single risk or risk across an enterprise,” said Todd Cooper, vice president and general manager of Enterprise Risk Compliance at Wolters Kluwer Financial Services. “We are very pleased to expand our relationship with CUNA Mutual Group as they maintain strong compliance and risk management programs that meet ever-changing business needs and regulatory requirements.”
CUNA Mutual’s claims operations will implement the Policies and Procedures module to automate and simplify the process of assembling, distributing and maintaining claims procedures.
Additionally, Policies and Procedures will connect with Wolters Kluwer Financial Services’ AuthenticWeb for Claims, which helps insurance professionals quickly find regulatory information and identify state-specific requirements, the company said.
CUNA Mutual also uses Wolters Kluwer’s NILS INsource, a Web-based regulatory research tool for insurers, the company said.