Track all your compliance information in a central repository so you can review your compliance status at a glance and reduce exposure and preparation time.
Compliance continues to increase in importance, despite being viewed by many parts of your business as a burden. ERA Kairos gives you the opportunity to get your team to buy in and change the culture.
Fully integrated functionality lets you manage and automate your compliance testing process through libraries, performance measurement, results tracking, alerts and workpapers. Develop methods that drive your self-assessment processes in an intuitive, unobtrusive manner.
ERA Kairos is so flexible, you can establish your current compliance environment today, and change it as new regulations are passed or your business evolves. No need for programming changes!
We support multiple compliance frameworks; Solvency II, SOX, Basel II, MiFID, NERC, HIPAA and other regulations – both industry-specific and general.
Financial controls management and corporate governance regulations like Sarbanes-Oxley are now well-established. Your company has data and procedures that have worked to keep you compliant, but you could get more for all that effort.
Use ERA to develop a more holistic view of SOX by incorporating your material financial statement accounts and linking the key data elements. You can use that data to identify which risks are unnecessary and which opportunities are worth pursuing, rather than focus entirely on the control structure. Our SOX solution is proven, and our consultants work with you to tailor it for your specific needs.
Our observation is that insurance companies have so far been focussing their Solvency II efforts on pillar 1 and their capital requirements modelling. Now the shift is towards pillar 2 and pillar 3, the interplay between pillars and embedding a governance and risk management operation throughout the business. This is our area of expertise and our value-add to you.
We’ve leveraged our hands-on experience with key insurance companies to create a standardised Solvency II starter pack in ERA. This includes frameworks, risk management processes, integration of qualitative and quantitative risk management, KRIs, appetites, feedback loops to pillar 1 and reporting.
Our Solvency II working practice group provides clients with the opportunity to discuss challenges, progress and successes in insurance risk management and Solvency II compliance. We work to facilitate pragmatic and effective knowledge sharing and create concrete deliverables based on our proven software.
