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BarnOwl

BarnOwl for the Insurance Industry

The challenge

Insurance organisations face an increasingly complex and challenging business environment. Insurance organisations are grappling with numerous compliance requirements (Solvency II / SAM) and industry standards and other regulations. Policy and claims disclosure are also under constant scrutiny. Typical business challenges facing Insurance organisations include:

The solution

A flexible risk management framework is critical for meeting the needs of a complex and dynamic industry such as the Insurance industry. Insurance organisations need an effective way of prioritising and managing risk across the organisation as well as complying with local and cross-border legislation, standards and mandates. Proactive risk management also involves the documenting and managing of incidents / near misses. In addition, the identification and ongoing monitoring of risk mitigation plans is critical to effective risk management.

An organisation’s risk and opportunities, strategy, business model, performance and sustainable development are all inseparable elements of the value creation process. (King IV Principle 4)

How BarnOwl facilitates the solution

BarnOwl GRC software streamlines your GRC processes, integrates risk, compliance and assurance information on a centralised platform, standardises risk and control taxonomies and offers the flexibility and scalability required for your changing business environment. BarnOwl:

The Benefits of using BarnOwl

The benefits of using BarnOwl include:

Links to References, Case Studies and Resources

BarnOwl is a fully integrated governance, risk management, compliance and audit software solution used by over 200 organisations in Africa, Europe and the UK. Some of our Insurance clients include Telesure and Hollard.

Find a solution to suit your needs

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See BarnOwl in Action!

For every industry, no matter the size of the business, BarnOwl is the ultimate GRC and the audit software solution to assist you in the achievement of your strategic goals with a high degree of confidence.

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