Compliance and Governance
Introduction to our Solution
Insurance is a heavily-regulated and mature industry. Legislation from the FCA and PRA, along with the acts and bye-laws of the Lloyds market and guidelines from associations like the LMG, LMA, LIIBA and IUA, mean that Insurers and brokers have a complex regulatory landscape.
Intelligent and flexible platforms that enable detailed data management are needed to help meet these requirements, along with an experienced partner to support with evolving standards.
The digital building block of the insurance market. This relatively recent cornerstone was launched in 2021 as part of Lloyd’s Blueprint 2.0 and is quickly becoming integrated into systems throughout Lloyd’s, Insurers and Brokers. We provide the modern platforms that enable integration with CDR systems, and through our partners, we can help you to integrate CDR with your business apps.
Proact advise and support financial organisations in their cybersecurity and business continuity strategies. We directly provide 24/7 security, backup and disaster recovery services through our UK-based security and network operations centres. We also provide proactive maintenance managed services that improve performance and reduce downtime. Combining these services ensures that our customers benefit from industry-leading levels of operational resilience.
Storing and managing data is complex in all financially regulated industries. There are specific rules around the data you can store, the minimum and maximum retention periods, and the standards of security that surround what can be highly confidential information. Our experience across insurance, financial services and other data-sensitive industries puts us in a unique position to advise and support with solutions that help to manage your data.
Hybrid working means that staff need to access and share sensitive data whilst outside of the corporate network. This can increase risks such as data theft, breaches and unauthorised access, without the correct management. Proact help with ensuring governance standards in data-sensitive industries, whilst enabling staff to enjoy the freedoms of hybrid working and collaboration.
Proact are experts at managing legal data and we work closely with our clients to help them remain compliant with regulations and guidance.
Get in touch with our specialists today .