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Building the Trusted B2B Network in Insurance with REG Verified

12th September 2024

Building the Trusted B2B Network in Insurance with REG Verified

At REG, we are on a mission to build the largest and most trusted B2B network in the insurance industry. We understand that businesses need to connect quickly and confidently when forging new relationships, without the burden of regulatory obligations slowing them down. That’s why we created REG Verified — The Trusted Status for Businesses –  a free, at a glance, status check of businesses in our Network, enabling you to shortcut onboarding processes and make fast ‘No or Go’ decisions without the costs of detailed due diligence and monitoring…

Benefits for Subscribers
Assurance of Authenticity

Verified profiles signal that the business has met minimum standards for incorporation, credit and sanctions checks, giving you peace of mind that you’re engaging with credible and reliable partners. This eliminates the uncertainty of dealing with potential entities which may fall under scrutiny, ensuring your time is spent on businesses that have already met key requirements to trade.

Improved Search Efficiency and Faster Onboarding

One of the most time-consuming aspects of starting a new business relationship is onboarding. Long, cumbersome due diligence processes can slow down partnerships, frustrating both sides. With REG Verified, businesses can shortcut this process by quickly confirming key regulatory standards all in one glance. Subscribers can also streamline their search for new partners by filtering for verified profiles. Allowing you to prioritise businesses that have already demonstrated their credibility, you can cut through the noise and enable faster decision-making.  More than 66% of firms say regulatory obligations are slowing down their ability to start new relationships. By becoming verified, you make it easier for potential partners to say “yes” quickly, without the need for lengthy due diligence. In turn, faster decision-making leads to faster onboarding and faster business growth.

Confidence in Connection

When you connect with a REG Verified business, you can have confidence that the onboarding process will be smoother and that the partnership is more likely to thrive. Verified businesses have already passed key due diligence checks, reducing the risk of complications down the line and allowing both parties to focus on building a strong, ongoing professional relationship.

Benefits for Businesses
Boost Your Credibility

Businesses want to work with partners they can trust, partners who are transparent. Compliance is the first part of this, and having the confidence in knowing potential trading partners meet regulatory requirements is pertinent. By registering with the REG Network and holding REG Verified status, you’re positioning yourself as just that: a business worth connecting with.

Having a REG Verified badge instantly signals that your business meets key standards of compliance, financial viability, and regulatory standing. Verified businesses stand out as trustworthy, credible players. With REG Verified, you’re telling potential partners that you’ve been authenticated by a reliable, third-party source, making it easier for them to choose you over an unverified competitor. It’s your fast pass to credibility in the industry.

Be Visible to New Business Opportunities

Businesses that are verified on the REG Network gain enhanced visibility in search results, helping them stand out from the competition. Whether you’re a startup or an established firm, REG Verified ensures you’re seen as a strong opportunity for trade. Verified profiles rank higher and are more likely to be viewed and selected, meaning more connection requests, business inquiries, and partnership opportunities. 

Enhance Networking Opportunities

The more visible and credible your business, the more likely others are to connect with you. REG Verified makes you stand out in a crowded market, encouraging more interactions and connections with businesses that could lead to profitable partnerships. When other businesses see that you’ve earned your verification badge, they’re more likely to initiate contact, trusting that you’ve passed key checks. Whether you’re looking to expand your client base or collaborate with other providers, being REG Verified opens doors to new relationships and the expansion of your B2B network.

The Future of Business Relationships with REG Verified

REG Verified offers tools that make onboarding, compliance, and networking faster, more efficient, and more secure. Through REG Verified, businesses gain visibility, credibility and network growth opportunities. Subscribers benefit from faster onboarding, more reliable decision-making and the ability to connect with trusted partners with confidence. The network continues to grow, making it easier for everyone to build the partnerships that drive their businesses forward. REG Verified is the future of how the insurance industry connects. 

At the heart of REG Verified is the ambition to build a network with trust and transparency as the foundations. By joining, businesses become part of a community of over 15,000 verified companies, with more added daily. Each new verification strengthens the entire network, creating a safer, faster, and more efficient marketplace for everyone involved. Businesses that invite others to join the network are also contributing to this growth. Every connection strengthens the collective pool, ensuring that insurance companies have access to a continuously expanding, verified network where they can conduct business securely.

Join the largest and most trusted B2B network today, and make sure your business is at the forefront of this transformation…

Learn more or Speak to one of our experts to learn how REG Technologies can help you operate Faster, Smarter, Safer.

This article was published by:

Article author:

Sandra Simões

Sandra Simōes is the Head of Product and CX. Focused on customers and market needs, Sandra designs solutions that accelerate journeys and enable companies to deliver outstanding services to their customers.

020 3946 2880

info@reg.uk.com

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