REG Verified

An instant trust signal for insurers, brokers, MGAs and their counterparties. By combining financial, compliance and regulatory assessments into a single verification status, businesses can build relationships faster and with greater confidence.

Build Trust Before You Do Business

REG Verified is the trust badge for insurance and regulated businesses. It helps organisations identify counterparties that have passed key due diligence, financial stability, compliance and regulatory checks before entering a commercial relationship.

Whether you’re an insurer, broker, MGA, supplier or service provider, REG Verified provides an immediate signal that a business has met REG’s verification standards and is actively monitored on an ongoing basis.

Every company receives a verification status. Businesses that meet REG’s requirements earn REG Verified status, helping them stand out as trusted counterparties within the insurance ecosystem.

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Onboarding a new MGA trading partner in the REG platform

Why Verification Matters

In insurance, trust is everything.

Every new supplier, broker, MGA, technology provider, claims specialist or outsourced partner introduces operational, financial and regulatory risk. Before sharing data, exchanging documents or entering into commercial agreements, businesses need confidence that the organisations they work with meet acceptable standards.

Traditional due diligence can be time consuming, inconsistent and difficult to maintain. Information changes, businesses evolve, and a counterparty that appeared low risk six months ago may look very different today.

REG Verified provides an independent trust signal that helps businesses make faster, more informed decisions. Instead of starting every assessment from scratch, organisations can instantly see whether a counterparty has met REG’s verification standards.

For verified businesses, the benefits are equally valuable. REG Verified demonstrates credibility, strengthens trust and helps counterparties feel confident engaging with your organisation.

The result is a more transparent, trusted and connected insurance ecosystem where businesses can build relationships faster and with greater confidence.

What Does REG Verified Mean?

What Does REG Verified Mean?

REG Verified is awarded automatically to organisations that meet REG’s verification requirements.

Verification combines financial, compliance, regulatory and business integrity assessments to help establish whether an organisation meets the standards expected within the insurance industry.

Checks may include:

  • Business verification and company validation
  • Financial stability and credit risk assessment
  • Sanctions screening
  • Politically Exposed Person (PEP) checks
  • Anti-Money Laundering (AML) assessment
  • Regulatory and permissions checks
  • Director and business integrity screening
  • Ongoing monitoring of key risk indicators

Unlike traditional point-in-time checks, REG Verified is continuously monitored. Verification status is reviewed automatically as new information becomes available, helping businesses maintain confidence in the organisations they work with.

Verification is free for organisations with a REG account and is designed to encourage higher standards of trust and transparency across the insurance sector.

REG Verified vs Traditional Due Diligence

Most organisations already perform some form of due diligence. The challenge is that traditional processes are often manual, inconsistent and quickly become outdated.

REG Verified helps businesses move from point-in-time assessments to ongoing counterparty verification.

Traditional Due Diligence

  • Individual checks completed manually
  • Information captured at a single point in time
  • Time spent collecting information from counterparties
  • Difficult to maintain consistency across suppliers and partners
  • Limited visibility across large counterparty networks
  • Repeated assessments across multiple business relationships

REG Verified Logo REG Verified

  • Automated verification assessment
  • Continuous monitoring and review
  • Verification status available instantly
  • Standardised verification criteria
  • Verification visible throughout the REG ecosystem
  • A recognised trust signal shared across counterparties

REG Verified does not replace internal due diligence processes. Instead, it helps businesses identify trusted counterparties more quickly, prioritise reviews effectively and reduce unnecessary onboarding friction.

For organisations working across insurance, compliance and regulated markets, this creates a faster, more transparent approach to counterparty verification.

Understand Verification Status at a Glance

Every organisation receives one of four statuses:

Registered and Verified

Registered & Verified

The organisation is registered on REG Network and has successfully met REG’s verification criteria.

Verified, Not Registered

Verified, Not Registered

The organisation has met REG’s verification standards but is not currently registered on REG Network.

Registered, Not Verified

Registered, Not Verified

The organisation has a REG Network account but has not met verification requirements.

Not Registered, Not Verified

Not Registered, Not Verified

The organisation is not registered on REG Network and has not achieved verification status.

These badges provide an immediate trust signal, helping businesses understand the status of potential counterparties before committing time and resources to deeper engagement.

How REG Verified Works

Step One

Create a REG Account

Businesses join REG Network and provide the information required for verification assessment.

Step Two

Automatic Verification Assessment

REG automatically evaluates financial, compliance, regulatory and business integrity data against verification criteria.

Step 3

Continuous Monitoring

Verification status is continuously reviewed as relevant information changes, ensuring businesses have access to current and reliable trust indicators.

Step 4

Display Verification Status

Verified organisations receive REG Verified status, helping counterparties identify trusted businesses throughout the network.

Why Businesses Choose REG Verified

REG Verified has been designed specifically for organisations operating in insurance and regulated environments where trust, compliance and due diligence matter.

  • For Compliance Teams

    Gain greater confidence in the businesses entering your ecosystem.

    REG Verified supports compliance teams by providing visibility into key verification checks, helping prioritise reviews and identify organisations that meet established standards. Rather than spending time gathering basic information from every potential counterparty, teams can focus their efforts where additional investigation is required.

  • For Risk Teams

    Strengthen third-party risk oversight.

    Verification status provides an additional signal when assessing suppliers, partners and service providers. Continuous monitoring helps ensure businesses remain aware of changing risk indicators and supports stronger governance across the organisation.

  • For Procurement & Supply Chain Teams

    Reduce onboarding delays.

    When counterparties are already verified, procurement and onboarding processes become more efficient. Teams can move relationships forward with greater confidence and spend less time validating foundational information.

  • For Insurers, Brokers & MGAs

    Build trusted business relationships faster.

    REG Verified helps organisations identify businesses that have demonstrated financial stability, regulatory compliance and operational credibility. This creates stronger foundations for collaboration and reduces uncertainty during the early stages of engagement.

Part of the REG Network Ecosystem

Part of the REG Network Ecosystem

REG Verified acts as a trust indicator across the wider REG Network ecosystem.

Verification status complements solutions such as Snapshot and Accelerate by providing an immediate view of counterparty credibility before deeper engagement takes place. Businesses can quickly identify organisations that have met REG’s standards and decide where additional investigation may be required.

REG Verified also supports more efficient document exchange. When businesses are both Registered and Verified, organisations can exchange documents such as TOBAs through REG Network without immediately committing to a paid relationship. This enables businesses to evaluate potential counterparties before deciding whether to proceed.

By combining verification, due diligence intelligence and streamlined onboarding processes, REG Network helps businesses build stronger, more trusted commercial relationships.

Frequently Asked Questions

What is REG Verified?

REG Verified is a counterparty verification programme designed for organisations operating within the insurance industry. It provides an immediate trust signal that a business has met REG’s verification criteria and is subject to ongoing monitoring.

Who can become REG Verified?

Any organisation operating within the insurance industry, or working directly with insurance businesses, can become REG Verified if it meets REG’s verification requirements.

How does a business become verified?

Verification is automatic. Once a business has a REG account, REG continuously assesses a range of financial, compliance, regulatory and business integrity indicators. Organisations that meet the required standards are awarded REG Verified status.

Is REG Verified free?

Yes. REG Verified is available at no additional cost to organisations with a REG account.

What checks are included in REG Verified?

Verification may include company validation, financial stability assessments, credit risk analysis, sanctions screening, PEP checks, AML assessments, regulatory permissions checks, director screening and ongoing monitoring of key risk indicators.

How often is verification reviewed?

REG Verified is continuously monitored. Verification status can change as new information becomes available, helping businesses make decisions based on current information rather than historic assessments.

Does REG Verified replace due diligence?

No. REG Verified is designed to support and accelerate due diligence processes by providing an independent trust signal.
Businesses should continue to apply their own compliance, risk and governance procedures where appropriate.

Why should my business become REG Verified?

REG Verified helps demonstrate credibility, strengthen trust, increase visibility within the insurance ecosystem and give counterparties greater confidence when deciding whether to work with your organisation.

Become a Trusted Counterparty

Trust is earned long before a contract is signed. REG Verified helps businesses demonstrate credibility, strengthen relationships and stand out as trusted counterparties within the insurance industry. Create your REG account today and start building confidence in every business connection.

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