Western United Life Assurance Company Goes Into Production with Patriot Manager - Aquilan Interdiction Software Offers Western United Fully Automated USA PATRIOT Act Compliance
San Antonio, TX February 16, 2004 The Aquilan Group today announced that Western United Life Assurance Company (Western United), has implemented Aquilans Patriot Manager software to manage USA PATRIOT Act compliance across its insurance operations.
San Antonio, TX February 25, 2004 -- The Aquilan Group today announced that Western United Life Assurance Company (Western United), has implemented Aquilans Patriot Manager software to manage USA PATRIOT Act compliance across its insurance operations.
Aquilans Patriot Manager provides Western United with end-to-end compliance management to meet the full monitoring, screening, and reporting requirements of the USA PATRIOT Act. With Aquilans software, Compliance Officers can monitor red flags and case activity from a single web-based compliance dashboard. Patriot Manager provides a complete case profile and direct access to up-to-date regulations at the desktop. When reportable activity is confirmed, Aquilan Patriot Manager automatically completes the appropriate forms, electronically files them for audit purposes, and files them with the government. Aquilan Patriot Manager integrates directly to multiple administration and transaction systems to gather the key customer and transaction information needed to manage compliance.
Faced with the important requirements of the USA PATRIOT Act, Western United needed a compliance solution that was proactive, comprehensive and easy to use. Aquilans Patriot Manager met all those requirements. It provides comprehensive compliance and was seamlessly and cost effectively integrated with our existing administration systems said Ms. Diane Brown, IT Manager, Insurance Support. Additionally, Aquilan provides Western Uniteds compliance team with detailed information on detected activity in a single view on a daily basis. Without Aquilan, this would be a manual activity: a monumental task when you are processing thousands of policies, contracts and transactions on a daily basis.
Cliff Hagler, Aquilan CEO added, Western United shares our vision for automated financial services interdiction software that processes, analyzes, and reports on thousands of tractions per day while only notifying the end-user when a potential problem exists. Working with industry leaders, Aquilan developed the most advanced and complete compliance platform to meet the specific needs of the financial services industry. It was very helpful that the employees of Aquilan have spent many years in the industry understanding the market and back-end processing systems. Financial Services domain knowledge is key.
About Western United Life Assurance Company
Western United Life Assurance Company (Western United), a member of the Western United Insurance Group, has been offering quality products and services since 1963. Clients receive a unique combination of features and benefits from the variety of annuity products offered by Western United. Western United is constantly working with customers to design annuities that meet their changing needs. This, and unmatched customer service are why thousands of people have chosen Western Uniteds fixed annuities.
The members of the Western United Insurnace Group consists of Western United Life Assurance Company, Old Standard Life Insurance Company, Old West Annuity & Life Insurance Company.
Additional company information is available at www.wula.com
About The Aquilan Group.
Aquilan is the leading provider of interdiction and analytical software solutions to the insurance, banking and capital markets industries. The founders and executives of the company have been in the financial services industry for an average of 25 years each. To learn more about The Aquilan Groups products and services, please call 512.658.0544, or e-mail Jim Rourke, Vice President at e-mail protected from spam bots), or visit the website at www.Aquilan.com
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