According to BWise, this integrated solution will help insurance firms take a robust, process-led approach to the management of regulatory compliance, as well as the associated risk exposures within a dedicated and integrated enterprise risk management and governance framework.
Further, BWise has attempted to optimize its Solvency II offering by enabling insurers to more easily embed a company-wide GRC system, which in turn means insurers should more easily be able to document, streamline and monitor GRC processes, a key requirement of Solvency II's Pillar 2.