Per the activation of compliance towards new Cloud Outsourcing EIOPA Guidelines, Brooklyn has now announced a modular release for the insurance industry covering compliance against outsourced critical or important operating functions.

 

London, United Kingdom: Brooklyn Solutions is pleased to announce the release of the Brooklyn EIOPA Outsourcing Module, a new Contract Management service and SaaS solution which is designed to ensure cloud outsourcing arrangements, deemed to be providing critical or important functions and services to the client, are compliant against guidelines distributed by the European Insurance and Occupational Pensions Authority (EIOPA).

The products and services offer solutions for the needs of Insurers and Re-insurers to confidently show organised, automated and substantial means of contractual compliance across the required outsourcing arrangements, in alignment with the EIOPA Guidelines on outsourcing to cloud service providers which are active for application from the 1st January 2021.

“
Brooklyn Solutions has been designed with the single aim of delivering ultimate flexibility related to governance and policy creation. So much so that it can very quickly be configured to align and drive compliance for any existing or new regulation as it relates to vendor management. In our latest release, the platform comes pre-configured to fully support the EIPOA guidelines and ensure your organisation remains compliant. I am really pleased that this is a big leap forward, an industry first and must-have for Insurance and Pensions providers across Europe.”
Nick Francis, Chief Technology and Marketing Officer, Brooklyn Solutions

Features and benefits of the EIOPA Outsourcing Module include:

  • Automated Onboarding and Evaluation of Contracts against a Contract Compliance Engine tailored to the EIOPA Guideline requirements for critical/important cloud activities and functions.
  • Obligation Management and Tracking through automated alerts and governance, to assure compliance across the contract lifecycle.
  • Sound governance capabilities, including action tracking and smart risk management solutions to mitigate front-line risks inherited by critically acclaimed outsourcing arrangements.
About Brooklyn Solutions

Brooklyn Solutions is a trusted out-of-the-box SaaS solution purpose-built to redefine the customer-supplier relationship. We enable businesses to maximise value for money and absolute compliance at lower risk through post-contract best practices across all commercial relationships.

Our Award-winning solution digitally transforms organisations current approach to post-contract optimisation introducing a streamlined solution for Relationship, Contract, Risk and Compliance management and ESG, resulting in ROI within three months.

 

The EIOPA Outsourcing Module is available now! Contact Sales for a live demo of how to remain fully compliant across your supply chain

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