Source: OpenPages
OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Norwich Union has implemented OpenPages FCM to manage its internal financial controls initiatives. OpenPages FCM will allow the UK insurer to automate its ongoing testing and review of its internal controls documentation and processes to reduce the time and resource costs associated with financial controls management.
Norwich Union is the UK's largest insurer. It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
Norwich Union is the UK's largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
"OpenPages FCM enables us to streamline our documentation initiatives and identify and communicate process improvement opportunities in an efficient manner," said Diane Cougill, Financial Operations & Controls Director, Norwich Union. "We look forward to continuing to work with OpenPages to achieve our long-term goals of compliance sustainability and process improvement."