Silvervine Successfully Completes the SOC 1 (SSAE 16) Type 2 Examination

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Silvervine announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 2 examination.

Silvervine, a leading provider of real-time insurance policy administration software, announced today that it has completed a SOC 1 (SSAE 16 -Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 2 examination.

The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations. SSAE 16, developed by the American Institute of Certified Public Accountants (“AICPA”), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operational visibility than those companies who do not.

The completion of the SOC 1 (SSAE 16) Type 2 examination typifies Silvervine, Inc.’s continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their customers. The Service Auditors’ Report includes a detailed description of Silvervine, Inc.’s controls and an independent assessment of whether the controls are placed in operation, suitably designed, and operating effectively.

"Achieving SOC1 demonstrates our ongoing commitment to meeting our customers' needs while also abiding by the highest standards in the industry,” said Michael Crain, IT Manager at Silvervine. “Successful completion of the SOC 1 examination provides assurance to our customers that Silvervine follows highly scrutinized processes and procedures to ensure their mission-critical data is safe, secure and available when it’s located in one of our facilities.”

About:

Silvervine is a new breed of solution provider dedicated to delivering a competitive advantage to property and casualty insurance organizations of all sizes and across all lines of business by constantly incorporating knowledge gained from industry participation, expertise and trends into technology innovations. Today, insurers and MGAs across the U.S. look to Silvervine for robust, out-of-the-box functionality, speed-to-market, timely implementations and the ability to achieve both growth and revenue goals. Visit us at silvervinesoftware.com, follow us on Twitter at @silvervineIMS, like us on Facebook, and visit our LinkedIn page.

360 Advanced P.A.
360 Advanced specializes in Security and Compliance Solutions, providing business HealthCare Security and HIPAA Compliance. http://www.360advanced.com

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Rebecca Jennings
Silvervine
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Rebecca Jennings
Silvervine
478-971-3549 1612
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