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Articles

Trading Insurance Internationally: Where Regulation Starts and Ends

The absence of standardised global regulations creates a challenge for international insurers that requires them to navigate diverse compliance standards across jurisdictions. This diversity directly impacts day-to-day operations, emphasising the need for meticulous understanding and effective risk mitigation strategies. Regulatory Technology (RegTech) emerges as a crucial ally, offering adaptable frameworks to seamlessly navigate and unify compliance measures, providing insurers with a robust solution for efficient and compliant international insurance trading.

REG Reviews – December 2023

Last month, the FCA urged companies to ensure Consumer Duty reports are a priority, the UK made headway following the publication of the world's first global guidelines for the secure development of AI technology, the UK government pushed regulators to prioritise economic growth and REG hosted its much anticipated Mind Matters panel event, focused on how we can work together to ensure mens mental health at work is supported...

Mind Matters: Panel Event

Panel discussion in support of Movember, addressing the challenges men face regarding mental health at work, how we can break down the barriers and how as employees and colleagues we can work together to foster supportive environments where everyone's mental wellbeing is valued.

Death by Spreadsheet: Are Spreadsheets Killing Your Business?

Compliance tracking software is a system that records every regulatory obligation, check, owner, deadline and piece of evidence in one place, and flags what is due or overdue. It replaces the spreadsheets, shared drives and email chains that most insurance firms still use to track compliance. This post explains where spreadsheet tracking breaks down, what a proper system should do, and how to move across without disrupting your team.

Men’s Mental Health at Work: Breaking the Silence

In a world that often revolves around expectations of strength, resilience, and endurance, we often overlook the hidden crisis that is steadily engulfing the lives of men. Men's mental health issues are a growing epidemic, and it's crucial we shed light on this critical topic, raise awareness and acknowledge the importance of addressing the unique challenges men face regarding their mental wellbeing...

Focus on ESG: What is Sustainability Reporting?

Sustainability has emerged as a paramount concern for insurance and financial services companies. Beyond mere corporate responsibility, sustainability now holds the key to mitigating risks and satisfying the ever-heightening expectations of stakeholders. At the heart of this commitment to Environmental, Social, and Governance (ESG) principles lies the practice of sustainability reporting—an essential tool for modern businesses seeking to make their mark in a responsible, ethical, and transparent manner...

Where It All Started: Lloyd’s Reopens To Face To Face Trading, But Where Did It All Begin?

The Lloyd's market is one of the most iconic and influential institutions in the global insurance and reinsurance industry. Its history is a fascinating tale of innovation, resilience, and adaptability over its near 335-year reign. From humble beginnings to now the world’s leading market for specialist insurance, where did it all start?

REG Reviews – October 2023

Last month, the Government announced modernised reforms to insolvency regulation, the Vesttoo scandal underscored the importance of enhanced due diligence among MGAs, asset managers sparked concerns of ‘green hushing’ and AI implementation saw revolutionary transformations to air traffic control and coral reef restoration!

Unravelling RegTech: Simplifying Regulatory Technology and Its Role in Financial Services

In the complex world of regulatory compliance, ever-changing regulations pose significant challenges for financial services firms. Traditional manual processes are struggling to keep pace with evolving regulations, leading to the rise of RegTech, which uses sophisticated data analytics to streamline compliance, automate processes and enhance regulatory management for financial institutions...

REG Reviews – September 2023

Last month, the FCA launched an investigation into rules around banks and political exposed persons, the UK government accelerated the fight against carbon emission reduction through AI investment, the nightlife sector appealed to insurers for support amid capacity crisis and REG released our enhanced Declarations feature.