Implementation of Employee Conflicts of Interest Solution

This case study details the implementation of Star’s Employee Conflicts of Interest (ECOI) solution by a global insurance provider to address challenges associated with insider trading, personal trading, and gifts and entertainment. The insurance company, which employs 40,000 people worldwide, faced difficulties due to the use of multiple systems that lacked flexibility and scalability, resulting in high manual input for reporting. The selected solution aimed to consolidate these systems into a single platform, thereby enhancing the employee compliance program and improving user experience. The case study outlines the challenges faced, the solution adopted, and the business outcomes achieved, including reduced administrative burdens, improved processes, and increased transparency for line managers. The implementation of the STAR platform has streamlined compliance systems, automated various processes, and allowed for better data management, ultimately positioning the company to meet the evolving needs of its workforce.