As an MGA or corporate specialist, nobody knows better than you that compliance processes are a non-negotiable ingredient in running your business. Navigating an ever-changing regulatory environment can be complex, and that’s where we can pick up some of the regulatory burden, so that you can focus on your core speciality and building your business.

Drawing on years of real experience and practical application across local and multinational businesses, as well as the implementation of new regulations such as SMCR and Solvency II, and reviewing compliance with System of Governance requirements, the Talsen Compliance team looks forward to supporting you across any of the following areas:

• Regulatory policy formulation
• Providing advice on regulatory topics
• Monitoring
• Regulatory operations
• Regulator relationship management
• Compliance training

As an MGA or corporate specialist in the insurance or reinsurance sectors, you are quite rightly concerned about the accurate financial management and reporting of your business. In putting the teams and structures in place to deliver on this, the following requirements are sure to cross your mind:

• Regular management and performance reporting
• Legal entity statutory and regulatory reporting
• Tax compliance (Corporation tax and VAT)
• Accounts payable and bookkeeping
• Expense management and performance reporting
• Budgeting and financial planning
• Capital management and reporting to capital providers
• Treasury and foreign exchange management

As an insurer we know that you have a vision for your business. We also know that in realising that dream, it’s important to have the right foundations in place, so that there can be no question marks around factors such as compliance, credit control, risk processing and the efficiency and effectiveness of your operating platforms.

In looking for a partner to support you in the Operations space, we know that you’re likely to need support around:

• Operating platforms across multiple geographies and market environments
• Experience across a range of classes and operating models
• Achieving an optimal blend of speed and accuracy
• The application of minimum regulatory and market standards and workflow solutions, backed by well-defined service level agreements
• Assimilating, managing, and reporting complex risk data

To remain relevant as an MGA, there is increased pressure to put technology at the heart of your strategy, to remove inefficiencies and to improve the customer experience. More and more there’s an expectation that to maximise business success, you need to make use of new technology to improve underwriting, risk selection and data transfer.

Talsen Tech provides a range of technology solutions to common pain points across the insurance value chain.  Deep insurance expertise allows us to understand your challenges and provide focused technology enablers in risk management, product governance and data management.  

Drawing on our 25+ years building insurance solutions and tools, Talsen seeks to unlock new insights into your data through powerful visualisation.  We look forward to using our range of insurance data models, to help you to rapidly analyse your data and visualise the relationships and factors relevant to your business and to addressing your particular questions.