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Edgile Insurance Property & Casualty ArC

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Edgile's Insurance Property & Casualty Automated Regulatory Compliance service is a specialized solution designed to streamline regulatory compliance for property and casualty insurance providers. By integrating seamlessly with ServiceNow's Integrated Risk Management platform, ArC delivers harmonized laws, regulations, and industry standards directly into the system, ensuring organizations stay current with evolving compliance requirements. Key Features and Functionality: - Comprehensive Regulatory Content: ArC provides access to over 875 harmonized laws, regulations, and best-practice frameworks, tailored specifically for the property and casualty insurance sector. - Automated Updates: The service offers quarterly updates, automatically incorporating new statutes, regulations, and standards into the ServiceNow IRM platform, reducing manual effort and the risk of oversight. - Regulatory Change Management: Included in the ArC subscription is the Edgile Regulatory Change Management application, which provides a closed-loop process to identify necessary changes to policies, standards, and controls based on new regulatory content. - Industry-Specific Customization: ArC offers content tailored to 21 verticals, including the property and casualty insurance industry, ensuring relevance and applicability. Primary Value and Problem Solved: ArC addresses the challenge of keeping up with the dynamic and complex regulatory environment faced by property and casualty insurers. By automating the integration of up-to-date regulatory content into the ServiceNow IRM platform, ArC reduces the burden on internal risk management teams, minimizes the risk of non-compliance, and enhances operational efficiency. This proactive approach allows organizations to focus on their core business activities while maintaining a robust compliance posture.

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