US insurers taking up GRC in budget drive, says expert
Insurance firms are using GRC to cope with tight budgets and heavy compliance burdens
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.
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