The insurance industry is under increasing pressure from regulatory bodies to comply with, and evidence their adherence to, new and evolving legislation. Penalties for conduct breaches can be in the millions, so it is vital for companies to improve the governance, accessibility and control of their authorities.
Authority Hub allows you to prove the issuance and acceptance of authorities, as well as providing real-time visibility of exposures across the business. It’s a single, web-based platform that enables you to define, delegate, control and evidence your limits. You can gain full visibility of authorities across your organisation, be confident that you are complying with industry regulations, and limit the time, cost and errors involved in managing your authorities.
Adhering to new and updated legislation ensures you avoid costly fines and reputational damage
Automated processes free underwriters and claims handlers from time-consuming administrative tasks
Getting clear visibility of your risk exposure enables you to make better decisions and avoid overwriting risk
Authority Hub is a SaaS offering powered by Microsoft Azure
The concept of risk is fundamental to the insurance industry, of course, but insurance companies themselves face a range of risks.
The insurance industry is in the midst of a dramatic digital transformation. In recent years, in common with other branches of ...