News Archive - Page 2 of 14 - REG Technologies

Making Compliance Personal: Why Relationships Matter in RegTech

In B2B, particularly within the insurance and financial services sector, customer satisfaction transcends being a mere metric; it’s at the heart of everything we do. At REG Technologies, we know our clients aren’t just looking for software. They’re looking for peace of mind. They want a partner who understands the pressures of staying compliant and the complexity of their day-to-day. That’s why we focus on building real, trusted relationships to deliver life-long value...

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REG Reviews – May 2025

Last month, the FCA launched its 5 year strategy with a focus on embracing tech and combating financial crime, AI adoption rose among brokers, the BoE announced initiative to accelerate insurer investment, CII called on firms to prioritise vulnerable customers and REG became an Annual Silver Sponsor to the MGAA...

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Avoiding the Cost of Compliance Failure: 9 Notable AML Penalties and Lessons for B2B Firms

Money laundering is a serious regulatory and financial offence — and in B2B contexts, the risks are magnified. Engaging with a high-risk counterparty, whether knowingly or not, can lead to hefty fines and lasting reputational damage that can shatter future business relationships. These breaches may be deliberate, but often they result from failed compliance due to poor systems, lack of oversight, or outdated processes that don’t keep up with today’s complex regulatory environment.

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The Current State of Young People’s Employment in the Insurance Market

The war for younger talent in the insurance industry is an ongoing issue that many employers in the market are grappling with. Whether it’s the current number of younger ones working in insurance or ways to attract them into the industry, it’s a shared burden that many recruitment agencies and businesses are working very hard to overcome.

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Setting the Standard for Fair Value Compliance with RegTech

Ensuring fair value for consumers has become a central concern for insurance firms. Regulatory bodies, such as the UK's Financial Conduct Authority (FCA), have increased their focus on fair value assessments to ensure that products and services genuinely benefit consumers relative to their costs. This heightened scrutiny has prompted insurers and Managing General Agents (MGAs) to reassess their practices, resulting in significant operational challenges.

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REG Reviews – April 2025

Last month, a new law was introduced to combat illegal online content, brokers struggled to tackle fair value rules, insurance associations join forces to wipe of misconduct in London insurance market and REG Technologies launched its Challenges and Risks Tracker to help insurers navigate their current counterparty risk management approach...

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Is Your Counterparty Risk Management Keeping Pace with Industry Demands?

The insurance sector is facing relentless regulatory change, meaning effective counterparty risk management has never been more critical. Recent research reveals that 74% of industry leaders have experienced a notable increase in regulatory demands over the past year. From MGAs to insurers and brokers, the pressure to demonstrate robust governance, risk, and compliance (GRC) practices is intensifying. Key areas of focus include fair value, consumer duty, anti-money laundering (AML), and the increasingly vital consideration of Environmental, Social, and Governance (ESG) factors...

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Exploring the Future of RegTech

Regulatory technology (RegTech) is shaping the future of compliance in insurance, with recent discussions highlighting the increasing likelihood of more robust tech processes becoming a regulatory requirement. During a recent REG and Insurance Post webinar, industry experts emphasised the need for advanced digital solutions to keep pace with evolving regulations. As the regulatory landscape continues to evolve, RegTech is proving itself not just useful, but essential for insurance companies navigating complex compliance challenges. These advanced tools streamline processes and enhance precision, making them strategic assets for the future to drive long-term resilience, efficiency, and regulatory confidence...

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REG Reviews – March 2025

Last month, brokers were seen to be consolidating agencies to prioritise key insurer relationships, the FCA intensified its crackdown on misleading financial ads, fraudulent claims sky-rocketed and industry professionals pushed for enhanced AI training to bridge the gap within insurance.

Read these articles and many more as we bring you all the important news and views in the insurance and financial services world…

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6 Crucial Characteristics that Make a Good Compliance Person

With 74% of insurance and financial services professionals reporting that the regulatory burden has increased dramatically over the last couple of years, non-compliance and relying solely on legacy processes is no longer feasible in the long term. Now more than ever, the role of compliance leaders and the influence they have in the market is crucial and can make or a break an entire firm.

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