Martyn Love
Head of Risk and Strategic Projects
Out of the box subscription solutions that revolutionise how life insurers are controlling third party risks, meeting their obligations AND increasing trade.
The life insurance industry is facing numerous challenges that impact efficiency within compliance functions, including manual processes, heightened regulatory scrutiny, data silos, and the increasing difficulty of attracting skilled professionals. These inefficiencies slow down business operations, increase the risk of compliance errors, and strain resources. However, technology solutions, particularly RegTech, presents an opportunity to modernise how life insurers operate by enhancing efficiency, improving accuracy, and optimising resources...
The life insurance industry is grappling with increasing regulatory demands and outdated manual processes, both of which make effective counterparty due diligence and oversight hard to uphold. To meet the regulatory requirements from the FCA and PRA, firms operating in the life insurance sector must ensure their operations and counterparty due diligence is constantly a key compliance priority. Managing these challenges with traditional outdated, often manual approaches, is no longer sufficient, and the growing need for sophisticated compliance systems is proving essential to meet the demands of regulatory obligations and enhance compliance...
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"As we continue to expand our distribution network we chose Reg Technologies to partner with, as their system allows us to streamline our onboarding processes whilst increasing the ability to provide comprehensive ongoing 3rd party risk management and oversight."
Martyn Love
Head of Risk and Strategic Projects