American National Chooses Wolters Kluwer ARC Logics for GRC

After evaluating nearly a dozen GRC providers during two years, the Galveston, Texas-based insurer chose the solution for regulatory change management, enterprise risk assessment and SOX compliance.

(The Galvez Hotel, Galveston,  home of American National Insurance, named for Bernardo de Gálvez y Madrid, Count of Gálvez, namesake of the city. Photo credit: wools.)

American National Insurancehas selected Wolters Kluwer Financial ServicesARC Logics solution to manage governance, risk and compliance (GRC) across the organization, using the application’s regulatory change management, enterprise risk assessment and Sarbanes-Oxley Act compliance functions.

The Galveston, Texas-based insurer reports reviewing nearly a dozen GRC providers during two years on the road to choosing Wolters Kluwer’s ARC Logics. “We wanted to ensure the provider we chose had the right mix of solutions, services and expertise to help meet our diverse diverse risk management needs now and into the future as our organization continues to grow and evolve,” comments John Norton, vice president of enterprise management, American National. In the end, we determined Wolters Kluwer Financial Services was that provider.”

Wolters Kluwer asserts that the ARC Logics solution helps financial organizations bring greater transparency, control and efficiency to managing compliance, operational and enterprise risk as well as to the audit function. “ARC  Logics’ modular, suite-based approach offers organizations the flexibility and scalability required to meet the complexity of their expanding and continually changing business operations,” a vendor statement says.

“In today’s increasingly-complex regulatory environment, financial organizations, such as American National, need more than a software or information provider on their team,” comments Todd Cooper, vice president and general manager of Wolters Kluwer’s Enterprise Risk & Compliance business. “Organizations need a trusted advisor, such as Wolters Kluwer Financial Services and its industry-leading subject matter experts that blend their knowledge with the right technology and content to help organizations address all of their GRC needs.”

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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