My daily catch up conversations with my Dad usually jump around from anything about the weather (obligatory), the pesky squirrels in his garden, football, grandchildren and sometimes a step back in time to a ...
In December 2019, The Senior Managers & Certification Regime which was rolled out to all insurance intermediaries and brokers, was initially created in response to the 2008 financial crisis to improve standards in ...
Managing an insurance business requires governance
How can you increase commercial opportunities whilst managing key legal and statutory risks in the Insurance distribution chain?
Supplier Risk Management is key for effective oversight of outsourced functions
Insurance businesses must avoid undue additional risk through outsourcing, whilst achieving efficiency and quality.
Running an MGA is about control
Without controls relationships with capacity providers, regulators and distribution channels are compromised bringing significant risk to an MGA business.
Brokers must protect their lifeblood – their customers
They are required to carry out diligence on those with whom they arrange policies, not only Insurers but MGAs and wholesale firms.
Insurance firms face increasing pressure of regulatory requirements for outsourced underwriting and claims arrangements
A big challenge whilst maintaining profitability and managing diverse portfolios.
REG UK solutions are now at the heart of our broker on boarding and management process. Since partnering we have enjoyed a first class personal relationship and service with people that understand our business. We benefit from real time regulatory oversight and automated alerts and have achieved material efficiencies in our working practises.
Andy Clements, Head of Distribution and Marketing – Europe, CNA Hardy
REG system is intuitive and ensures a quick and organized management of our Brokers network. It allows us to screen entities (i.e., credit risk) before entering into TOBAs with them, and if satisfactory, a TOBA can be put in place in seconds. I have hardly had any problem at all and customer service is efficient and quick.
Macarena Correa Ruiz, AVP, Associate General Counsel, Allied World
The REG service has eased our hefty administrative burden immensely. The REG alerts are the fulcrum point of our Broker monitoring process and enable us to manage our large portfolio by exception.
The information, which is easy and speedily accessed from REG is invaluable too.
Malcolm Jeffreys Compliance and Risk Manager, Dual Corporate Risks
The REG system has helped us streamline our processes in relation to our Producers and has made the due diligence process much simpler and time efficient.
Also, the REG team have consistently made efforts to help with all our queries and have been very receptive to add features to the system.
Alice Marcu, Compliance Manager, Aston Lark