REG Technologies’ Post

Check out our new white paper! bit.ly/4cpzfxn "The State of Regulatory Change in Insurance" is based on an industry-wide survey that covers key challenges, opportunities and the role of technology in regulatory change management for insurers.   If reg change is a challenge for you, we can help. Contact us to learn how our CODE solution enables our clients to be aware of, comply with and demonstrate compliance with relevant regulatory changes. bit.ly/3WNIKBU #RegChange #RCM #Compliance #Insurance

Check out our new white paper! bit.ly/4cpzfxn "The State of Regulatory Change in Insurance" is based on an industry-wide survey that covers key challenges, opportunities and the role of technology in regulatory change management for insurers. If reg change is a challenge for you, we can help. Contact us to learn how our CODE solution enables our clients to be aware of, comply with and demonstrate compliance with relevant regulatory changes. bit.ly/3WNIKBU #RegChange #RCM #Compliance #Insurance #CODE

Our industry-wide survey confirmed that Regulatory Change Management is a headache for most firms. Give me a call to discuss CODE and how it can align with your specific requirements. Many thanks!

Take a look at our white page below. Our unique solution to compliance issues for insurance companies and capital market firms positions us as a market leader! We're on a rocket ship to the top! Check out our open roles at RegEd. If you're not looking, share with your network! #nowhiring

Let me know if you want to start a conversation around AI technology and the type of support we provide to clients in the Insurance Industry.

The insurance sector has always demanded adaptability, acknowledging that change may not occur swiftly. In the evolving landscape of 2024, insurers must remain vigilant of the array of challenges ahead and adeptly address them with strategic precision. Last month we posted a poll asking "What the biggest challenge facing insurers is in 2024?" The biggest challenge voted for was "Regulatory Compliance Complexity". Where regulatory compliance within the insurance sector entails insurance companies adhering to governmental laws, regulations, and guidelines, which are constantly evolving and changing. If you feel like we missed a challenge that you think is relevant please let us know below. #InsuranceChallenges2024 #InsurTech #IndustryInsights

💪 To meet requirements of the Consumer Duty, firms must regularly monitor the outcomes that their customers receive, which in turn will help them improve standards where necessary. Recently, the Financial Conduct Authority cautioned insurance firms to enhance their monitoring processes, after a recent multi-firm review of insurance companies, found varied practices among this sector. Read the full publication here 👉 https://lnkd.in/gaGd8mNQ #FCA #ConsumerDuty #regtech #riskandcompliance

This report for the Insurance sector and relevant retail sectors finds the detail on Outcomes from Insurers for Consumer Duty does not go far enough. Some good key points here to show what the end-to-end process needs to be.

The issue of capacity building in insurance is been compounded not only by rapidly changing financial service market dynamics but also by regulatory/supervisory enhancements. In line with these new frontiers, the scope of financial services regulatory frameworks have evolved from compliance to risk-based approach.  Apply now and sharpen your skills by clicking the link https://shorturl.at/qxAV3  #insurance #actuarial #cifmtraining

Technology is here to empower compliance teams to tackle regulatory obligations with speed and efficiency. The blend of tech and human expertise ensures insurance firms uphold compliance standards and position themselves for sustained success. Read how RegTech is moving beyond just a 'nice-to-have' luxury in Zoë Parsons' recent article in Insurance Post ⬇️ https://lnkd.in/e5qSdP62 #regtech #insurance #compliance #technology #duediligence