DEA Services

Service: Supporting Business Compliance Efforts Back to Insurance Services
Back to Project Services
Documenting your business processes is the first step in maintaining compliance. The effort will help you to identify where risks are and analyze what can be done to mitigate those risks. Engage Doreen Evans Associates to model your business processes and collaborate with you to identify opportunities for improvement, to document risk areas, and to define appropriate controls.

Time Frame

1 -2 months (estimate)

   

Typical Activities

Scoping session with project lead and sponsor

Facilitated sessions with Subject Matter Experts to document current business process flows and to identify existing risk areas, their impact and their likelihood of occurrence
Analysis of the current processes, with support from the SMEs, to identify improvement opportunities and controls to mitigate risks
Presentation of improvement opportunities, risk areas and suggested controls to stakeholders

Documentation of risk control prioritization

   
Work Products

Business Process Models annotated with opportunities, risks and controls

Repository of Business Process Models with detailed descriptions of roles, process steps, and business rules

Reports on risks, risk priorities, and suggested risk controls

   
When does this service make sense?

In preparation for an upcoming internal or external audit

In anticipation of compliance and regulatory changes

A risk has been realized and there is a need to mitigate any further risk

We are Ready to be Your Business Analysis Partner
Whatever your company's line of business or the nature of your challenge, DEA has unparalleled Business Analysis expertise combined with in-depth knowledge of the insurance industry. We would be happy to discuss your specific needs without obligation
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