US insurers taking up GRC in budget drive, says expert

Tight budgets and burdensome compliance requirements are contributing to the spread of governance, risk and compliance (GRC) within the US insurance sector, according to one GRC expert.

"We are seeing organisations in the insurance industry looking at a unified GRC process and architecture," says Shaheen Javadizadeh, a vice-president at Mitratech, a Los Angeles-based GRC provider.

Take-up for GRC has been noted by insurers in the European Union facing increased requirements under the EU's

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