Reg Network
What is Reg Network?
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.
Categories & Use Cases
Technical Details
| Mobile Application | No |
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FAQs
What is Reg Network?
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.