Insurance Solutions
Insurance organizations of all sizes strive to implement the most cost-efficient, effective, and up-to-date compliance and risk management processes. They are faced with evolving regulatory mandates such as the Sarbanes-Oxley Act of 2002 (SOX) and Solvency II, and increased threats to data security. Leading insurance providers are looking for an integrated governance, risk, and compliance (GRC) strategy to align compliance activities with current risk management initiatives, regulatory guidelines, and business policies.
Neohapsis provides insurance organizations with a combination of products and services that drive enterprise-wide risk awareness and performance while reducing the cost and complexity of meeting regulatory requirements.
NeoGRC – A Coordinated View of GRC to Maintain Compliance and Mitigate Risk
NeoGRC provides insurance firms with a single, flexible platform to effectively manage a multitude of industry frameworks and regulations and gain an enterprise-wide view of risk. This improved visibility results in the alignment of GRC objectives and strategies, more proactive risk management initiatives, and the ability to leverage up-to-date GRC data to strategically manage resources.
With NeoGRC, organizations benefit from prepackaged surveys that assess internal control effectiveness, automated alerts for rapid risk notification and risk scoring, the comprehensive audit trails that auditors require, and custom reports that drill-down into risk size, status, and hierarchy. NeoGRC provides the flexibility to allow organizations to plan, design, document, and drive GRC strategies that deliver measurable and sustainable results.
Security and Risk Management Services Designed for Your Business
Neohapsis' services teams provide extensive Security and Information Risk Management (IRM) services for many of the world's leading insurance organizations. Working closely with our clients, we ensure they are able to maintain GRC with confidence. Our solutions help identify risk across the enterprise, tightly manage a roster of regulatory compliance mandates, and implement controls to ensure they are not caught off guard by compliance reporting requests, audits, or previously undetected risks. Our services include:
Information Risk Management
Neohapsis’ IRM services help organizations implement a comprehensive risk management framework in order to gain visibility into risks enterprise-wide, proactively protect information assets, and make more informed and rapid information risk management decisions. Leveraging a proven IRM methodology, we provide customers with a broad range of services to develop a coordinated IRM strategy and align IRM activities with core business objectives. We help organizations manage evolving and complex risk and compliance requirements with ease and efficiency, through our Information Risk Assessments, IRM Program Development, and IRM Program Implementation.
Application Security
With the volumes of resources and information now available electronically through portals and Web applications, maintaining comprehensive application security is more critical than ever before. And, with the number of custom applications developed by insurance providers, the risk profile is increased. Neohapsis identifies application risk through vulnerability research and penetration testing engagements for insurance organizations of all sizes. We work closely with our customers to enhance application security through threat modeling services, architecture assessments, application security training, and application code reviews.
Network and Endpoint Security
Neohapsis leverages cross-industry expertise to identify the best solutions to meet insurance organizations’ network and endpoint needs. We provide customers with a range of services, including assessment of host security and network device configurations, analysis of network architectures, and development of host configuration policies and standards.
Outsourcing Risk Services
Insurance firms will continue to leverage third parties to support core business process and manage critical IT functions. Additionally, new technology solutions such as virtualization and cloud computing are promoting sharing of IT resources and software as a service (SaaS) solutions are enabling multiple enterprises to leverage existing application infrastructure.
Neohapsis provides a comprehensive approach for understanding risk associated with outsourced business operations. Our consultants help organizations understand the threats impacting new technologies and service delivery models, identify vulnerabilities that could expose sensitive data, and ensure service provider compliance with regulations and standards.
