Designed, built and maintained by Ebix Europe, ComplianceHub is a new, comprehensive compliance management platform specifically designed to support the unique complexities of Delegated Authority business. It enables organisations to complete due diligence questionnaires, manage entity information, establish inter-company relationships, and leverage AI-powered response assessment.
Wasted operational effort imposed by using Excel spreadsheets or inappropriate, inefficient and legacy systems that were not designed for this unique compliance scenario is eliminated. Setup, configuration and ongoing management costs are significantly reduced as no complex configuration needs to be carried out to shoehorn DA compliance data capture and workflows into a generic TPRM system.
The time taken for an Insurer to complete the onerous task of onboarding new Coverholders is dramatically reduced and Continuous Compliance eliminates 'compliance fatigue’ by removing rigid requirements for respondents to re-complete extensive questionnaires annually.