REG UK Ltd. operates a platform for the insurance market participants to lower the cost of regulatory compliance and facilitate business dealings between insurance counterparties in the United Kingdom.
PRODUCTS & SERVICES:
It offers Regulatory Efficiency Gains, an online platform that provides independent verification of key information provided by counterparties; and online document file sharing, negotiation, and confirmation of terms of business agreements (TOBAs). The company’s platform also enables members to disseminate, negotiate, and execute TOBAs online with other members selected by them; it also sends alerts regarding changes to key regulatory information. It serves insurers, syndicates, managing general agents, and brokers.
NUMBER OF EMPLOYEES:
Disruptive Capital Finance
Currently REG monitors more than 9,000 companies, and has generated more than 350,000 REG exception alerts for clients(Apr 2017).