REG Technologies

REG (Regulatory Efficiency Gains) is an innovative solution for Broker/Agency On-boarding and Counterparty Risk Management in the UK General Insurance industry. Since its inception in 2014 REG has grown exponentially and we now have 2,300 members with more joining every day. We facilitate regulatory compliance, accelerate business dealings between our Members, and continue to develop market-leading solutions to save our Members time and money, whilst reducing exposure to regulatory risk. With the increase in regulatory compliance demands, REG is becoming a “must have” solution for transforming burdensome and costly manual and paper-based processes, and an essential tool for growing business. REG is a turnkey cloud-based solution which combines 24/7 alerts for financial, corporate, sanctions and regulatory changes in Broker’s information with electronic exchange of Terms of Business Agreements (TOBAs). This allows for seamless and effective management of Broker databases. Our KPIs are as follows: - 9,000+ unique companies currently monitored by our Clients - 350,000+ exception alerts generated and processed - 10,000+ TOBAs issued to registered Producing Brokers - 250% y-o-y increase in new Broker Connections - Our Clients report, on average, a 92% reduction in time spent onboarding new Brokers, and an 87% reduction in time spent performing due diligence checks and reporting. To organise a free demonstration of REG, or for more information call us on: 0203 794 4404.