REG Network is counterparty due-diligence and compliance software for insurance carriers, managing general agents (MGAs), and brokers. The platform manages counterparty onboarding, verification, documentation, and ongoing monitoring for broker, MGA, supplier, and other trading-partner relationships.

Key Capabilities

Counterparty Due Diligence: Searches counterparty profiles and supports regulatory verification, credit assessment, and ownership checks before a business relationship begins.
Anti-Money Laundering Screening: Automates sanctions, politically exposed person (PEP), and adverse-media screening to support anti-money laundering (AML) compliance processes.
Digital Onboarding: Sends structured information requests, collects director and ultimate beneficial owner (UBO) declarations, and captures electronic signatures.
Document Exchange and Retention: Manages terms of business agreements (TOBAs), compliance declarations, and other documents with version tracking, audit records, and long-term storage.
Continuous Monitoring: Monitors changes to regulatory status, company filings, director records, credit indicators, sanctions exposure, and adverse media, then delivers alerts through the platform, email, or application programming interface (API) integrations.

Audience & Use Cases

Audience: Compliance teams, risk managers, distribution managers, and operations teams at insurers, MGAs, and insurance brokers.
Use Case: Organizations can use REG Network to assess prospective counterparties, standardize onboarding, maintain evidence for regulatory audits, and monitor existing relationships for changes that require review.

Technical Specifications

Integrations: API connectivity for customer relationship management (CRM), policy-administration, and internal reporting systems.
Workflow Support: Digital requests, automated reminders, document issuance, negotiation, electronic signature collection, and version-controlled retention.
Monitoring Outputs: Dashboard, email, and API-based alerts for material counterparty changes.

Reg Network

What is Reg Network?

Categories & Use Cases