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Insurance Regulation

Extracting strategic advantage from regulatory challenges

Few sectors are as heavily regulated as the insurance one. In the interests of market integrity, and in a bid to put customers first, company conduct obligations include everything from governance, risk management and data protection, while from a prudential control perspective, the primary focus on organisations is to maintain the integrity of risk management and governance arrangements.

The insurance industry is facing rapid change, with new challenges prompted by digital innovation – challenges that mean companies must be even more vigilant to ensure their continued compliance.

But while regulatory/best practice requirements require continual checks to be made, we take the view that responding to the changing regulatory landscape is actually an opportunity for clients to look for ways of creating strategic advantage.