Albany Group: How the Insurance Industry Can Apply Technology To Embed Regulatory Compliance

The insurance industry has been revolutionised through the introduction of insurtech. Reducing the time it takes for customers to be given a response, along with reducing operational costs are only a couple of the many advantages technology in the insurance sector has enabled. An important area that needs to benefit from the introduction of insurtech is regulatory checks as the right technology solution will automate much of the standard checks and business workflows that surround compliance, freeing up time for brokers and insurers to work on their products and ultimately spend more time on their customers.