Specialist Compliance Services for The Insurance London Market
ICS London Market is a specialist arm of Insurance Compliance Services and provides a full range of specialist compliance services to Lloyd’s and other (re)insurers and distributors.
This includes helping Managing Agents, insurers and (re) insurers meet their regulatory obligations and manage all aspects of Conduct Risk. Our insight and expertise add value far beyond simple regulatory compliance. We combine a rigorous knowledge of every nuance of current regulation with a detailed understanding of the workings of the Lloyd’s and Insurance London Market.
- Our understanding of distribution (routes to market) informs our coverholder audit and due diligence services.
- Our product documentation review service is underpinned by comprehensive specialist product knowledge.
- Hands-on Insurance London Market underwriting experience feeds into our independent underwriting review service.
- Our extensive knowledge of product servicing in the Insurance London Market means we are ideally placed to carry out audits of claims TPAs.
- We understand customer service and the need to excel at this in a customer centric environment, so we are perfectly placed to advise on implementing compliant complaints processes.
ICS London Market has access to a dedicated team that provides advice and guidance on insurance mediation in the UK. Amongst other things, this resource has extensive ‘front end’ knowledge of the fundamentals of Conduct Risk, namely; governance, sales, product design and distribution.
Whenever the need arises, and there is a requirement for external support or scrutiny, ICS London Market can meet that need in order to protect or add value to all the stakeholders in your business, from customers to investors (return on equity). Rather than a burden or a distraction, with our help, regulatory adherence and compliance risk mitigation can form the basis for a stronger, more sustainable business.
Whatever combination of challenges and opportunities your business faces, we can deliver practical, sustainable solutions that enable you to operate within a fully compliant environment.
Download our London Market Brochure, and if you have any questions or would like to make an enquiry about our ICS London Market services please get in touch.