1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
NorthStar Life Services, LLC Logo

NorthStar Life Services Announces Completion of SOC 1 Audit


 
PRLog - Jun. 2, 2014 - IRVINE, Calif. -- Irvine, California-based NorthStar Life Services, LLC (“NorthStar”) is a leading asset manager in the U.S. life settlement market, providing portfolio advisory, servicing and due diligence services to institutional investors worldwide.

NorthStar recently received an in-depth Service Organization Control Report 1(“SOC 1”) from independent auditor, McGladrey, LLP. The SOC 1 evaluated and tested NorthStar’s internal controls and their operating effectiveness, including selected controls for NorthStar’s Ongoing Policy Servicing System. NorthStar is proud to have successfully completed the operational audit, further proving its dedication and expertise to its clientele and their life asset portfolios.

The report evaluated NorthStar’s policies and procedures in the following key operational areas:

-          Data Security
-          Life Asset Underwriting and Monitoring
-          Mortality Tracking and Death Claim Processing
-          Premium Calculation and Payment Procedures
-          Policy Pricing

NorthStar is a subsidiary of North Channel Bank GmbH & Co. KG (“North Channel”), a fully regulated German bank focused on lending primarily to EU life settlement investors.  Accordingly, NorthStar is also subject to North Channel’s regulatory review and oversight.  Both firms are pleased to provide clientele with added confidence in their partnership, capabilities and procedures.

For further questions, please contact Ward Bukofsky, CEO, NorthStar Life Services, LLC, or visit our website.

http://www.northstarlife.com
http://www.northchannelbank.com

Contact
Ward Bukofsky, CEO
***@northstarlife.com

--- End ---

Click to Share

Contact Email:
***@northstarlife.com Email Verified
Source:NorthStar Life Services, LLC
Location:Irvine - California - United States
Industry:Finance, Investment
Tags:northstar, audit, settlement
Shortcut:prlog.org/12331447
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share