Compliance & Reporting
The London market is going through a digital transformation. Insurers are seeking to automate systems, build customer-facing digital capabilities, and leverage emerging technologies to help meet the market demands. Insurers must also ensure compliance with relevant regulations and requirements specific to the region.
At Coforge, we have the expertise and experience to provide a customized solution to ensure 100% compliance. Our team of domain experts track the industry regulations and collaborate with third-party experts to develop solutions that enable proactive processes. We help our clients analyse and capitalize on regulatory implications, ensuring better risk management and complete compliance.
Our solution can help insurers develop and maintain an effective system of internal controls. Tools such as automated workflow management and data analytics can help insurers quickly assess their compliance risk profile and take action to mitigate risks. Our reporting solution can help insurers efficiently and accurately generate reports required for regulatory compliance. These solutions can provide London market carriers with comprehensive data and analytics to generate reports, as well as real-time alerts and notifications to flag potential issues. This helps insurers stay ahead of potential regulatory changes and ensure they are reporting accurate information.