Great American Insurance Group Selects Next Generation Regulatory Compliance Solutions

PITTSBURGH--(BUSINESS WIRE)-- Compliance Assurance Corporation (“CAC”) has announced that the Great American Insurance Group has selected Comply On Demand Enterprise™ (CODE™) to mitigate enterprise-wide regulatory risks.

Under the agreement, Great American will utilize CODE to manage the regulatory compliance requirements associated with its Specialty Property & Casualty, Annuity and Supplemental Health insurance businesses. Eve Cutler Rosen, Senior Vice President, General Counsel and Assistant Secretary of Great American Insurance Company, commented, “After a thorough evaluation of potential systems and software solutions, we believe CAC’s CODE™ product best meets our business needs. We believe that CODE will improve efficiencies, enhance transparency, and help us ensure compliance”.

“Great American’s decision to select CODE™ to manage regulatory risk is continued validation of the superior value our solution is driving into the marketplace,” said Jerry Shafran, President and CEO. “We are thrilled to add them to our growing client list.”

About Great American Insurance Group

Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities and a variety of supplemental insurance products such as Medicare supplement. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation effective February 14, 2011). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and the Nasdaq Global Select Market under the symbol AFG.

About CAC:

Compliance Assurance Corporation provides the most comprehensive enterprise governance, risk, and compliance management platform for the insurance industry. Comply On Demand Enterprise^™ (CODE^™) – CAC’s Software-as-a-Service (SaaS) solution suite – helps insurance companies reduce costs, improve efficiencies, enhance transparency and ensure compliance.

For more information on Compliance Assurance Corporation and Comply On Demand Enterprise™, visit www.complyfast.com or call 1-877-690-6201.

Compliance Assurance CorporationAlison E. Novicki, 1-877-690-6201, ext. 306
Administrative Services Manager
[email protected]

Source: Compliance Assurance Corporation