Whether you have 10 Agencies or 10,000, REG can help you and your Broker's save time, reduce costs and mitigate risk. From simple exception-based monitoring to our comprehensive end-to-end Brokers onboarding and management features. REG offers you everything your business needs to streamline and optimise your counterparty risk management and administration processes.
REG’s new process not only saves you time, but it also helps cut costs. Man hours are reduced, allowing you to let your workforce concentrate on what matters. The reallocated time means you can operate more efficiently, increasing your productivity and do more business. Find out how else the new process can help your business.
Excel-based record keeping
Manual and time consuming due diligence checks at Agency inception only
Struggle to keep up with changes to Broker compliance records
Costly and resource intensive periodic Broker reviews
Lengthy application forms, questionnaires and paper-based TOBA exchanges
Reactive approach to risk mitigation
Limited reporting, checks and controls
Centrally managed cloud-based market utility
Instant & ongoing automated Broker due diligence checks across all key compliance areas
Broker records updated automatically from source databases
Exception-based monitoring so risks can be addressed as and when alerted
Digital TOBA and document exchange with full audit trail
Proactive approach to risk mitigation
Full visibility, real-time reporting & access 24/7
With REG, regulatory and financial checks on new Brokers can be performed instantly, significantly accelerating the Broker onboarding process. Get instant profiles of 75,000+ UK General Insurance Intermediaries.
Our software alerts you if the regulatory, financial or risk profiles of your Brokers change. And because it’s in realtime, you can take immediate action.
With REG, you issue and sign TOBAs electronically – and track any edits along the way. You can then segment, categorise and store them online, meaning there’s less paper and less fuss.
Store third party data and documents in one centralised hub. Assign internal Agency identifiers and keep track of your Broker relationships every step of the way.
We help satisfy key legal and FCA regulatory guidelines on implementing appropriate systems and controls for oversight of the insurance distribution chain.
Rapid onboarding of new Brokers
Automatic updates of key Broker regulatory and risk data
Exception-based risk monitoring
Manage larger Broker books with fewer resources
Improved new business flows and revenue recognition
Reduced need for paper-based forms and costly Annual Broker Reviews
Reduced bad debts and exposure to risk and regulatory failure
Cost reduction, resource re-allocation, efficiency gains
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 Brokers, export custom reports and analyse trends, and how quick it is to set up custom alerts for Broker status changes.