Andesa Services Completes SOC Examinations

The successful completion includes; SOC-1, SOC-2 and SOC-3 examinations

Andesa Services, a leader in providing SaaS Policy and Plan Administration solutions to life insurance and annuity carriers, announced today the successful completion of its annual Service Organization Control (SOC) examinations as prepared in compliance with American Institute of Certified Public Accountants (AICPA) guidelines. The AICPA has established three, distinct, SOC examination engagements; SOC-1, SOC-2 and SOC-3. Andesa has made the following reports available to its clients:

• SOC-1/Type II reports – restricted distribution reports that examine the design and operating effectiveness of Andesa’s internal controls over financial reporting as they relate to both Andesa Policy and Plan Administration solutions.
• SOC-2/Type II reports – restricted distribution reports that examine the design and operating effectiveness of Andesa’s internal controls over Information Security as they relate to both Andesa Policy and Plan Administration Solutions.
• SOC-3 reports – unrestricted distribution summary reports issued upon successful completion of SOC-2/Type II as they relate to both Andesa Policy and Plan Administration Solutions.

A Significant Enhancement in Control Reporting for Andesa Services

As Andesa Services continues to grow and evolve, the emphasis on superior results for our Clients remains steadfast” said Mark Wilkin, Andesa Services Chief Financial Officer. “Toward that goal, we pride ourselves on establishing high quality standards with regard to process improvements, technology enhancements and reporting. The successful completion of the SOC examinations demonstrate Andesa Services commitment to maintaining these standards.”