The REG Network provides global insurance market information and statistics, responding to firms' ever-evolving needs, delivering vital insurance information through a suite of accessible and innovative products and services.
REG Network is an on-demand service that allows regulated businesses to manage, monitor and oversee their supplier and customer relationships. In the UK, The Financial Conduct Authority insist that competent due diligence checks are maintained on trading counterparties, regardless of territory or jurisdiction, and that a written agreement (Terms of Business Agreement or TOBA) is in place between firms.
Our cloud-based technology collects data and monitors counterparties globally enabling businesses that trade overseas to manage their agency relationships in one place.
From country to country, regulatory and financial information is reported and accessed differently. REG has invested in systems to ensure we can obtain, deliver and monitor this information regardless of territory. Public data is supplemented with data from our in-house statistics team, who is continually sourcing the most recently-released official statistics from across the globe.
Use REG Network to structure your relationships to reflect how you do business, putting you firmly in control of your counterparty ecosystem.
Spreadsheet-based record keeping
Manual due diligence checks, usually only at inception
Paper based applications and TOBA exchange
Costly, resource intensive periodic audits
Reactive approach to risk mitigation
Limited reporting, checks and controls
Centrally managed cloud-based market utility
Instant & ongoing automated due diligence
Digital TOBA and document exchange with full audit trail
Exception-based monitoring and alerts
Proactive approach to risk mitigation
Full visibility, realtime reporting & 24/7 access
Use the REG Network to create a connected relationship with another authorised firm enabling the exchange of relationship of specific items, including Terms of Business Agreements.
REG technology performs regulatory, legal and financial checks on firms instantly with full access to a log of all system actions, whether user determined or driven by profile changes in counterparty data. Export your data at any time or work with us to integrate your data in real-time with other software.
Our short demo will quickly walk you through our award-winning platform and show you how what once took weeks, now takes seconds. An expert will guide you through the platform and show you how to view the current health of your counterparty estate, export custom reports and analyse trends, and how quick it is to set up custom alerts for status changes.