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VComply GRC Platform from VComply
Automates compliance tracking processes, creates and assigns regulatory obligations for insurance product teams, facilitates real-time monitoring, and ensures documentation for audits.
Product analysis by function
Regulatory Compliance Tracking Systems for Product Development
Software that monitors insurance regulations across jurisdictions and ensures product features, documentation, and filing requirements meet current legal standards.
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Regulatory Coverage & Mapping
(10 Yes /10 Known /15 Possible features)
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Multi-Jurisdiction Support Supports tracking of compliance requirements across multiple countries, states, and regions. |
VComply supports tracking compliance requirements across multiple entities and geographies, as indicated on their website. | |
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Regulatory Database Breadth Number of jurisdictions and regulatory authorities covered. |
No information available | |
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Automated Regulatory Updates Automated ingestion and updating of new or modified regulations. |
Product automates compliance tracking processes; regulatory update automation is referenced in marketing. | |
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Historical Version Tracking Ability to review and revert to previous regulation versions. |
VComply maintains and displays version history for compliance documents. | |
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Rule Mapping to Product Features Links regulatory requirements directly to insurance product features. |
The platform maps obligations to product features or business units. | |
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Taxonomy Customization Administrator-adjustable regulatory taxonomy and tagging. |
Administrators can customize compliance categories and taxonomies as per platform documentation. | |
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Cross-Border Regulation Comparison View and compare regulations across different jurisdictions. |
VComply supports regulation comparison features according to compliance platform overviews. | |
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Regulation Impact Assessment System assesses the impact of regulatory changes on product design. |
No information available | |
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Regulation Applicability Filter Ability to filter relevant regulations by product type, line of business, and market segment. |
Platform enables filtering of regulations by business segment or product line. | |
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Search and Retrieval Speed Average time to search and retrieve regulatory content. |
No information available | |
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Industry Standard Classification Support Supports NAIC, EIOPA, IAIS, and other insurance standard classifications. |
No information available | |
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Custom Regulatory Inclusion Users can add and map custom or ad hoc regulations. |
VComply allows custom obligations/regulations to be created and tracked. | |
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Consent and Privacy Regulation Triggering Tracks GDPR, CCPA, and similar data privacy regulations for insurance products. |
Supports management for GDPR and other privacy obligations relevant to insurance. | |
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Foreign Language Support Supports regulations in multiple languages. |
No information available | |
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Sector-Specific Rule Sets Includes dedicated rulesets for life, health, P&C, specialty, reinsurance, etc. |
Sector-specific compliance templates and rulesets can be defined according to platform examples. |
Filing and Documentation Management
(9 Yes /9 Known /13 Possible features)
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Document Version Control Provides version history and audit trails for all filing documents. |
Document management module includes versioning and audit trails. | |
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Template Library Centralized library of regulator-approved filing templates and checklists. |
No information available | |
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Document Generation Automation Auto-generates compliant documents based on product and jurisdiction inputs. |
Document automation for compliance requirements is featured in product materials. | |
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Real-Time Document Validation Checks filings for omissions, errors, or non-compliance before submission. |
Real-time compliance monitoring and alerts detect missing or incorrect documentation. | |
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E-filing Integration Enables electronic submission to regulator portals. |
No information available | |
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Filing Status Tracking Tracks the status and approval progress of each regulatory filing. |
Tracks status of compliance assignments and regulatory filings according to workflow tools. | |
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Collaborative Document Editing Multiple users can collaboratively edit documentation in real-time. |
Supports collaborative documentation and review for compliance activities. | |
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Legal Review Workflow Workflow support for legal/actuarial approval of filings. |
Workflows for legal/actuarial review for filings and obligations are configurable. | |
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Change Impact Reporting Reports on changes between document versions with compliance impact. |
Change audit logs highlight compliance impact per document version. | |
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Upload File Size Limit Maximum file size supported for documentation uploads. |
No information available | |
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Filing Deadline Reminders Automatic notifications for upcoming regulatory submission deadlines. |
Automatic reminders for compliance task and filing deadlines in platform calendar. | |
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Export to Multiple Formats Export documents in formats required by regulators (PDF, DOCX, XLSX, etc.). |
Export of compliance evidence and reports available in multiple formats (PDF/XLS). | |
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Embedded E-signature Integration Support for secure digital signatures in regulatory filings. |
No information available |
Change & Alert Management
(5 Yes /5 Known /9 Possible features)
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Automated Change Alerts Notifies users of regulatory changes relevant to their products/regions. |
Platform provides automated alerts when a new regulation or obligation is added/changed. | |
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Alert Customization Users can customize which topics and jurisdictions trigger alerts. |
Customizable alert criteria configurable by user/role for topics and jurisdictions. | |
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Change Log Detail Level Granularity of tracked changes in regulations. |
No information available | |
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Business Rule Update Suggestions System suggests needed updates to product rules based on new regulations. |
No information available | |
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User Role-Based Alerts Alerts are sent based on user roles, product lines, or departments. |
No information available | |
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Cross-channel Notification Sends alerts via email, dashboard, SMS, or in-app notifications. |
Notifications are sent by email, dashboard, and optionally SMS per documentation. | |
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Alert Frequency Adjustment Users can set how often they receive compliance alerts. |
Users can select frequency and method of compliance notifications. | |
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Escalation Workflow Non-acknowledged or critical changes escalate to higher management. |
Escalation workflows for overdue or critical compliance tasks are configurable. | |
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Archive and Retrieve Historical Alerts Ability to view and analyze past alerts. |
No information available |
Product Compliance Validation
(5 Yes /5 Known /10 Possible features)
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Automated Product Scanning Automatically scans product features for non-compliance. |
Compliance scanning for product obligations and gaps is a core selling point (automated scans for non-compliance). | |
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Custom Validation Rules Allows insurers to define custom rules in addition to regulatory requirements. |
Custom rules for compliance validation can be set by administrators. | |
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Bulk Validation Capability Validate multiple products/files simultaneously. |
No information available | |
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Error and Exception Reporting Details on why a product failed compliance validation. |
Error and exception reporting for validation checks available in compliance evidence reports. | |
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Validation Processing Speed Average time to complete product validation process. |
No information available | |
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Pre-configured Product Templates Ready-made compliance rules for standard insurance products. |
Templates for common regulatory obligations and compliance rules are provided. | |
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Rate and Form Consistency Checker Validates alignment of filed rates and forms with regulations. |
No information available | |
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Audit Readiness Score Rating indicating how prepared a product is for regulatory audits. |
No information available | |
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API for External Validation Integration with external systems for compliance checks via API. |
APIs are available for integration with policy and product systems according to documentation. | |
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Embedded Testing Sandbox Safe environment to test products for compliance before real submissions. |
No information available |
Integration & API Capabilities
(4 Yes /4 Known /8 Possible features)
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Open API Support Well-documented REST or SOAP APIs for integration. |
RESTful APIs documented and available for external integrations. | |
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Integration with Core Insurance Systems Direct connections with policy admin, claims, and actuarial systems. |
No information available | |
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External Regulatory Data Feeds Receives real-time feeds from regulators and legal content providers. |
Receives regulatory feeds from legal and compliance content vendors as per marketing materials. | |
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Single Sign-On (SSO) Support Integration with enterprise identity providers (LDAP, SAML, OIDC, etc.). |
SSO with enterprise providers (SAML, OAuth) is supported. | |
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Batch Data Import/Export Tools Tools for bulk upload/download of regulatory and product data. |
Bulk data import/export tools are highlighted for onboarding and reporting. | |
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Webhook and Event Notification Support for real-time data updates to downstream systems. |
No information available | |
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Custom Connector Framework Architecture for building custom integrations. |
No information available | |
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Integration Latency Average delay in data synchronization with connected systems. |
No information available |
Workflow and Collaboration Tools
(8 Yes /8 Known /9 Possible features)
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Task Assignment and Tracking Assign and track individual responsibilities in the compliance process. |
Task management features allow assignment and tracking throughout the compliance lifecycle. | |
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Approval Workflow Customization Design and automate multi-step approval workflows. |
Multi-step approval workflows are configurable in the system. | |
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Collaboration Spaces Secure channels for discussion among compliance, legal, and product teams. |
Platform provides secure discussion spaces among team members. | |
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Commenting and Discussion Threads Threaded discussions on specific filings, regulations, or tasks. |
Allows threaded comments/discussion on specific obligations or filings. | |
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Workflow Visualization Graphical view of workflow status, bottlenecks, and pending actions. |
Workflow dashboards with visual status and pending actions are advertised. | |
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Configurable Notifications Set notification triggers for task deadlines or workflow transitions. |
Notifications for task deadlines, escalations, and transitions are configurable. | |
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Delegation and Proxy Assignment Set backup assignees for compliance tasks. |
Task delegation/backup assignment supported in team workflow settings. | |
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Time to Task Completion Average duration to complete assigned compliance tasks. |
No information available | |
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Collaboration with External Parties Securely invite outside counsel or consultants into select workflows. |
External consultants can be added to select compliance workflows securely. |
Reporting and Analytics
(6 Yes /6 Known /9 Possible features)
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Pre-built Compliance Dashboards Visualizes compliance status by product, region, risk, and deadline. |
Dashboards include compliance status across products, regions, deadlines. | |
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Custom Report Builder Users can build ad hoc reports on any stored compliance data. |
Ad hoc report builder for compliance data is included. | |
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Exception Reporting Reports on overdue, failed, or incomplete compliance activities. |
Reports highlight overdue/failed compliance events. | |
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Regulatory Change Frequency Tracking Tracks how often regulations affecting a product change. |
No information available | |
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Historical Data Analysis Ability to analyze compliance performance over time. |
Supports historical analysis of compliance performance over time. | |
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Data Export Formats Number of file types supported for data export. |
No information available | |
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Embedded Business Intelligence Tools Integrated BI modules (charts, graphs, pivot tables). |
Embedded BI tools such as charts and dashboards are present. | |
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Performance Metrics Track key indicators like time to compliance, audit findings, etc. |
Supports performance metrics including time to compliance and audit findings. | |
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Dashboards Refresh Rate Frequency with which dashboards update with new data. |
No information available |
Audit, Logging and Traceability
(8 Yes /8 Known /9 Possible features)
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Comprehensive Audit Logging Tracks all user actions, changes, and regulatory interactions. |
Comprehensive audit log tracks actions, changes, and user interactions. | |
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User Access History Log of who accessed what data and when. |
User access logs are available and exportable. | |
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Field-level Change Tracking Granularity of logging changes at the field/form level. |
Tracks field/form-level changes for compliance evidence. | |
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Audit Log Retention Period How long audit logs are stored. |
No information available | |
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Forensic Traceback Tools Investigate compliance failures or data alterations. |
Provides tooling to investigate compliance failures and changes (forensic tools). | |
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Exportable Audit Trails Logs can be exported for regulator or internal review. |
Audit logs and compliance evidence can be exported for review. | |
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Approval Timestamping All approvals timestamped with immutable records. |
All approvals are timestamped in audit trail, ensuring traceability. | |
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Automated Exception Logging System-generated logs of non-standard or erroneous events. |
Non-standard/exception events are logged automatically. | |
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Regulatory Audit Preparation Tools Capabilities designed to assemble audit packets on demand. |
Compliance evidence/audit packets are generated on demand. |
User Experience & Accessibility
(8 Yes /8 Known /9 Possible features)
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Role-Based Access Control Users are assigned appropriate permissions for their roles. |
Role-based access control is configurable for permissions. | |
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Personalized Dashboards Each user can customize their workspace and priority indicators. |
User dashboards can be personalized to focus on assigned tasks/metrics. | |
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Responsive Design Interface adapts to desktop, tablet, and mobile devices. |
Web app adapts responsively for use on desktop, tablet, mobile. | |
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Guided Walkthroughs Onboarding and in-app tutorial support. |
Onboarding workflows and in-app guides walk new users through compliance task setup. | |
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Accessibility Compliance WCAG/Section 508 support for users with disabilities. |
Platform promotes conformance with accessibility standards (e.g., WCAG). | |
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Customizable Notification Preferences Each user can set how and when they are notified of compliance events. |
Users can set notification preferences (frequency, channel, type). | |
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Documentation and Help Center Extensive user documentation and contextual help. |
Help center and user documentation are provided in-app and online. | |
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Language Localization Options UI available in multiple languages as needed by user base. |
Platform supports UI localization for multiple languages. | |
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User Training Metrics Exposes statistics on onboarding and training completion rates. |
No information available |
Security & Privacy
(8 Yes /8 Known /9 Possible features)
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Data Encryption (In Transit/At Rest) Ensures secure handling of data throughout lifecycle. |
Data encrypted both in transit and at rest as described in security section. | |
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Granular Permission Settings Fine-tuned control over who can view, edit, or export data. |
Permission settings are granular down to entity and obligation level. | |
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Multi-factor Authentication Requires users to verify identity with multiple credentials. |
Multi-factor authentication available for additional access security. | |
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Audit-Ready Security Logs Security-specific event logging available for audit. |
Security events and logs are retained for audit use. | |
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Automated Data Masking Masks sensitive information in logs, reports, and screens. |
Sensitive data masking offered within logs, screens, and reports. | |
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Data Residency Controls Ability to specify where data is stored geographically. |
Platform supports specifying data residency for compliance. | |
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GDPR/CCPA Readiness Features to facilitate compliance with major data privacy legislation. |
Features address GDPR/CCPA compliance, including audit and workflow steps. | |
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System Penetration Testing Frequency Frequency of scheduled penetration testing for security. |
No information available | |
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Incident Response & Recovery Tools Capabilities to quickly contain and recover from data breaches. |
Incident management and data breach recovery features included. |
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