As professional intermediaries, insurance brokers have trading relationships with a range of counterparties.
Managing counterparty risk is crucial for brokers, who play an important role in the supply and distribution of insurance and are heavily regulated.
Regulatory and legal requirements (including SM&CR) make the oversight and management of a broker's relationships more important than ever.
REG provides a suite of services that protect brokers, covering all aspects of their trade relationships.
Manual, outdated approaches are not sufficient to achieve good governance. Getting it wrong can lead to fines, regulatory intervention and reputational damage. Fines and sanctions have never been greater.