How Citizens Property Insurance Created a One-Stop-Shop for Audit, Risk, and Compliance

In our Spotlight on Success series, Ajay Kumar, Director of IT Internal Audit of Citizens Property Insurance, shares how his team is able to achieve more without adding resources by centralizing all of their audit, risk, and compliance data in a single source of truth. Headquartered in Tallahassee, Florida, Citizens Property Insurance Corporation was created by the Florida Legislature in 2002 as a not-for-profit alternative insurer providing insurance to property owners who cannot find coverage in the private insurance market. Hear how this team responsible for internal audit, internal controls, and enterprise risk gained significant time savings and eliminated version control issues by switching from a manual environment to AuditBoard, including:

  • Leveraging AuditBoard’s RiskOversight, SOXHUB, and OpsAudit solutions together to centralize all audit, risk, and compliance documentation and easily incorporate historical risk data in their risk-based audit planning.

  • Redeploying time savings from automating manual tasks to leveraging data analytics to identify fraud not only within the organization, but across the industry.

  • Moving from a time-consuming process of manually creating charts and graphs for audit committee meetings to building reports within AuditBoard using real-time data and easily exporting them for the audit committee.

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