How REG Network Helps
Fix Broker Risk Visibility Gaps

Not every broker in your network carries the same risk, but most compliance teams only find out which ones do after something has already gone wrong. REG Risk 365 gives you a single, configurable view of risk across your entire broker network, so you know where to focus before a regulator or an incident finds it for you.

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For most insurers and MGAs, broker risk is not evenly spread. A handful of relationships carry most of the exposure, whether that is concentration in a single line of business, a jurisdiction with higher regulatory volatility, or a broker whose financial position has quietly weakened. The rest of the network is comparatively low risk and does not need the same level of attention.

The problem is that most firms cannot see this distinction clearly. Risk information sits scattered across spreadsheets, individual reviewer judgement and whatever was flagged at the last periodic review. Without a consolidated view, every broker tends to get treated roughly the same, which means review time gets spent evenly across a network where the risk is not evenly spread. The brokers that actually need closer attention often get the same light-touch treatment as the ones that do not.

REG Risk 365 solves this by building on the continuous monitoring already running inside REG Network and turning it into a configurable, network-wide risk picture. Instead of relying on individual judgement or a spreadsheet that is out of date the moment it is saved, compliance and risk teams get a live view of where risk actually sits across their broker network, scored against criteria they define themselves.

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Why Broker Risk Visibility Creates Risk

Why Broker Risk Visibility Creates Risk

Most firms are not failing to manage broker risk deliberately. They simply have no practical way to see where risk actually sits across a growing broker network.

 

Many firms still rely on:

  • Uniform review schedules that treat every broker the same, regardless of risk level
  • Risk judgements that sit with individual reviewers rather than within a shared, consistent system
  • RAG ratings tracked manually in spreadsheets and updated inconsistently
  • No documented risk appetite or scoring criteria applied consistently across the broker network
  • Broker risk assessed individually rather than compared across the wider portfolio
  • Review capacity spent reactively after issues have already surfaced

This tends to hold up while a broker network is small enough that everyone involved has an informal understanding of which relationships carry the most risk. It stops holding up once the network grows beyond the point where that knowledge can be relied on.

Centralised counterparty records replacing email and shared-drive workflows

The result is usually a combination of:

  • Review time spent on low-risk brokers while higher-risk relationships receive insufficient attention
  • Risk ratings that are outdated by the time they are reviewed
  • No consistent basis for deciding which brokers require closer oversight
  • Difficulty demonstrating a documented and defensible risk approach to regulators
  • Risk concentration becoming visible only after an issue has occurred
  • Emerging risks being discovered through incidents rather than routine monitoring

For risk and compliance teams, the issue is not a lack of data. Most firms already hold significant information about their brokers. The challenge is turning that information into a consistent, prioritised view of where risk actually sits across the network.

 

When broker oversight depends on manual reviews, individual judgement and disconnected risk ratings, maintaining a clear view of exposure across the network becomes increasingly difficult as the broker landscape grows.

Why Broker Risk Visibility Breaks Down Across Insurance, MGA and Broker Networks

Broker risk visibility does not disappear all at once. A network that starts small enough to manage through experience and informal knowledge gradually loses clarity as it grows.

The result is often inconsistent risk prioritisation, fragmented oversight and increasing difficulty demonstrating a clear, defensible approach to broker governance.

Flat Risk Treatment Across a Diverse Network

Without a consistent scoring approach, every broker tends to receive the same review cadence and depth, regardless of the level of risk they actually represent.

No Single View Across Segments or Regions

Risk information is often split across business units, regions or underwriting teams, meaning no one has a complete view of where exposure is concentrated across the network.

Risk Appetite That Exists Only Through Individual Judgement

When risk appetite is not documented and shared, reviewers develop their own interpretation of what matters, leading to inconsistent decisions across the team.

RAG Ratings That Live in Someone’s Spreadsheet

Manually maintained ratings quickly become outdated and rely on individuals remembering to update them, making them increasingly difficult to maintain as networks expand.

Review Effort Spent in the Wrong Places

Without a way to prioritise based on risk, review capacity often follows the latest query or issue rather than focusing on the brokers that represent the greatest exposure.

Oversight That Doesn’t Scale With Broker Numbers

What works informally across a small broker network becomes increasingly difficult to manage as numbers grow, exposing gaps in how risk is identified, prioritised and monitored.

How REG Risk 365 Delivers Broker Risk Visibility

REG Risk 365 turns the monitoring data already flowing through REG Network into a configurable, network-wide risk picture, built around the risk appetite your organisation actually uses, not a generic scoring model.

Rather than reviewing brokers individually and hoping nothing important gets missed, risk and compliance teams get a live, prioritised view of where risk sits across the whole network, with the ability to drill into any single relationship for the detail behind the score.

  • Configurable Risk Appetite and Scoring

    REG Risk 365 lets your organisation define its own risk criteria, thresholds and scoring model rather than applying a generic one.

    Organisations can:

    • Set custom risk criteria across geography, financial indicators, sanctions exposure and regulatory status
    • Apply their own thresholds for what counts as low, medium or high risk
    • Generate RAG ratings and risk scores automatically from live monitoring data
    • Adjust criteria as risk appetite changes, without waiting on a manual re-review

    This replaces informal, individually held judgement with a documented, consistent scoring approach that can be evidenced to a regulator or auditor.

  • Network-Wide Risk Dashboards

    Instead of holding broker risk information separately by team, region or line of business, REG Risk 365 brings it together into a single dashboard.

    This gives risk and compliance teams:

    • A prioritised view of which brokers carry the most risk right now
    • The ability to compare risk across segments, regions or portfolios
    • Full visibility of how a broker’s risk position has changed over time
    • A shared reference point across teams, rather than fragmented spreadsheets

    This is built directly on top of the counterparty data REG Network already monitors, so nothing needs to be re-entered or re-checked to populate it.

  • Automated Risk Alerts Tied to Your Own Thresholds

    REG Risk 365 generates alerts when a broker’s risk position crosses a threshold your organisation has defined, rather than waiting for the next scheduled review to notice.

    Because these alerts are built on REG Network’s continuous monitoring, a change in sanctions exposure, credit position or regulatory status can move a broker’s risk score and trigger a notification automatically, without anyone needing to check for it manually.

Find out more about REG Risk 365

Key Platform Capabilities

Configurable RAG Scoring

Generate red, amber and green risk ratings automatically using criteria and scoring rules defined by your organisation.

Custom Risk Appetite Rules

Set your own thresholds across areas including geography, financial stability, sanctions exposure and regulatory status.

Segmented Broker Dashboards

View and compare risk across regions, lines of business and broker segments, rather than assessing each broker in isolation.

Bespoke Alert Thresholds

Receive automatic notifications when a broker’s risk score crosses thresholds set by your organisation.

Risk Trend Tracking

Understand how a broker’s risk position changes over time instead of relying on a single point-in-time assessment.

Built on REG Network Monitoring Data

Every risk score draws from the continuous monitoring already running across your REG Network counterparties, with no additional data maintenance required.

 

Learn more about Real-Time Regulatory Monitoring and Third-Party Risk Monitoring.

Operational and Compliance Benefits

A clearer view of broker risk changes how review effort gets spent, and how confidently that effort can be explained afterwards.

  • Review Effort Spent Where It Matters

    Risk and compliance teams can direct attention toward the brokers that genuinely carry the most exposure, instead of spreading review effort evenly across the network.

  • A Documented, Defensible Risk Approach

    Custom risk criteria and scoring give firms a consistent, evidenced basis for their oversight decisions, rather than relying on individual judgement.

    REG Risk 365 sits on top of REG Network’s continuous monitoring, which tracks more than 10,000 counterparty data changes every month, the underlying signal that drives every risk score.

  • Earlier Visibility of Emerging Risk

    Because scores update automatically as underlying data changes, a deteriorating broker relationship is visible well before it becomes an incident.

  • Consistent Oversight Across Teams and Regions

    Every broker is scored against the same criteria, regardless of which team, region or individual is responsible for the relationship.

  • Stronger Evidence for Regulators and Auditors

    A documented risk appetite and a live, scored view of the network is far easier to evidence than a series of informal judgement calls.

Real-World Examples from Insurance Organisations


REG Risk 365 helps insurers, MGAs and brokers move from informal, inconsistent judgement to a consistent, network-wide view of broker risk.

 

CNA Hardy Logo

CNA Hardy
Insurance Carrier
CNA Hardy uses REG to maintain consistent oversight of broker risk across its distribution network, rather than relying on individual review judgement.

 
View case study →

Generis Underwriting Logo

Generis Underwriting
MGA
Generis Underwriting improved broker monitoring by applying a consistent view of risk across its growing network, rather than reviewing brokers in isolation.

 
View case study →

Kindertons Logo

Kindertons
Broker
Kindertons gained clearer, more consistent visibility of risk across its broker relationships, improving due diligence efficiency in the process.

 
View case study →

Frequently Asked Questions

What is broker risk visibility, and why does it matter?

Broker risk visibility means having a clear, consistent, network-wide view of which brokers in your distribution network carry the most risk, rather than assessing each broker in isolation. Without it, review effort tends to be spread evenly across a network where risk is not evenly distributed.

How does REG Risk 365 score broker risk?

REG Risk 365 generates RAG ratings and risk scores based on criteria your organisation defines, including geography, financial indicators, sanctions exposure and regulatory status. Scores update automatically as the underlying monitoring data changes.

Does REG Risk 365 replace REG Network?

No. REG Risk 365 requires REG Network as its foundation and builds directly on the continuous monitoring data REG Network already collects. It adds configurable scoring, dashboards and alerting on top rather than replacing existing monitoring capabilities.

Can we set our own risk appetite, or is scoring fixed?

Risk criteria and thresholds are fully configurable. You define what represents low, medium or high risk for your organisation, rather than applying a generic scoring model.

Will this replace our risk team’s judgement?

No. REG Risk 365 provides your risk and compliance team with a consistent, evidenced starting point for prioritising attention. Final risk decisions and regulatory judgement remain with your team.

Is this only useful for large broker networks?

REG Risk 365 becomes increasingly valuable once a network grows beyond the point where risk can be tracked informally, but the underlying scoring and dashboard capabilities support networks of any size.


See Where Your Broker Risk Actually Sits

REG Risk 365 replaces informal, unevenly applied judgement with a single, configurable view of risk across your entire broker network, built on the continuous monitoring REG Network already runs. Whether the gap is inconsistent scoring, fragmented visibility across teams, or review effort spent in the wrong places, REG Risk 365 shows you where to focus.

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