Who needs Compliance Reviews?
We provide detailed, in-depth compliance reviews for the following clients:
- Insurers
- Underwriting Agencies
- Lloyd’s coverholders
- Insurance brokers
- Third Party Administrators
- Claim Managers
- Claimant Intermediaries
- Insurtechs
- Insurance fulfilment providers
- Claim service suppliers
- Discretionary Mutual Funds
Why your business needs a compliance review
We understand how complex and heavily regulated the insurance industry can be when it comes to meeting regulatory obligations. It’s difficult to keep pace with regulatory and GI Code of Practice changes and expectations of regulators and regulatory bodies. This is why at Compliancy Advocacy Solutions we assess and identify any gaps in your current compliance measures, and provide you with a clear, tailored to your business, action plan enabling you to efficiently and effectively manage your obligations.
Our compliance reviews provide assurance that your business is being well managed in respect of culture, conduct and documented compliance measures. This assurance can be provided to your board, insurance capacity provider, business partners and regulators.
How compliance reviews are delivered and tailored to your business needs
We adopt a 2 step ‘show me: tell me’, approach to understand your business:
- SHOW ME – We conduct an extensive analysis of your business controls and documented evidence of compliance.
- TELL ME– We learn about your unique individual work culture and your way of working.
We look at your holistic compliance arrangements and whether they are fit for purpose, adding value to your business while protecting your customers, people and investment. We look at your holistic compliance arrangements and whether they are fit for purpose adding value to your business while protecting your customers, people and investment.
Undertaking our tailored compliance approach, we ensure that our compliance review of your business provides outcomes that can be easily implemented, are fit for purpose, aligned to your way of working and provide value to your people, business and customers. Importantly, we provide you with an end-to-end compliance approach that is sustainable and adaptable to the constantly changing regulatory environment.