E4Business launched a compliance service for the general insurance and mortgage markets ahead of the start of FSA regulation.
It said the service would reduce the compliance workload, shorten the application cycle, pre-validate information prior to submission, act as a conduit between the client and the FSA, as well as maintain a record of all communication and provide feedback to the client.
The service is aimed at the secondary insurance market, as well as those in the primary insurance market, said the company.
E4Business managing director Rod Dunne said: “The ultimate goal is to build a comprehensive web-centred community to provide benefits to all market participants. The regulatory assistance process serves as the first step towards this.”
