"We were looking for a strategic technology partner to work closely with us in our ongoing plans to modernise the group. InsureTech has made a clear long-term commitment to building its business in Latin America and has the global reach to support our growth ambitions. Its solutions and capabilities are also highly rated by independent analysts."
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Find out more about our governance monitoring offering
Improve governance, accessibility and control
The insurance industry is under increasing pressure from regulatory bodies to comply with and adhere to new and evolving legislation. Penalties for conduct breaches can cost millions, so it is vital for insurance companies to improve the governance, accessibility and control of their authorities.
Our Governance Monitoring solution allows insurers to prove the issuance and acceptance of authorities, as well as providing real-time visibility of exposures across the business; enabling companies to define, delegate, control and evidence their limits. They can gain full visibility of authorities across their organisation, be confident that they are complying with industry regulations, and limit the time, cost and errors involved in managing authorities.
Benefits
Avoid fines
Adhering to new and updated legislation ensures insurers to avoid costly fines and reputational damage.
Save time
Automated processes free underwriters and claims handlers from time-consuming administrative tasks.
Gain focus
Getting clear visibility of their risk exposure enables insurers to make better decisions and avoid overwriting risk.
"The deep insurance market knowledge of the Charles Taylor InsureTech team combined with their tireless commitment to excellence in delivery made them a great choice of partner."
COO, Insurance Broker
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