Regulatory Audits - Pro Global

Regulatory Audits

Safeguard Your Policyholders, Strengthen Oversight.

Embracing Consumer Protection as an Insurance Professional

Insurance regulators play a vital role in ensuring fair market conduct and safeguarding policyholder interests. However, keeping pace with industry complexities and effectively evaluating carrier performance can be a significant challenge. Limited resources and the ever-evolving regulatory landscape can make it difficult to conduct thorough and comprehensive reviews.

Our Regulatory Audits offer a comprehensive solution, providing the expertise and support you need to fulfil your critical oversight function. Our team of seasoned professionals boasts extensive experience working collaboratively with insurance regulators across various jurisdictions to conduct qualifying examinations, financial condition examinations, and market conduct reviews. We offer a unique blend of industry knowledge and audit expertise, empowering you to conduct in-depth carrier reviews with confidence.

Regulatory Audits: Tailored Oversight for Compliance and Best Practices

Our Regulatory Audits are designed to go beyond the generic one-size-fits-all approach. They are more than just an additional workforce. We pride ourselves on our collaborative and value-driven approach, which is designed to meet your specific needs and objectives. Our process begins with the development of a customised audit plan which is tailored to align with your regulatory priorities and the specific carrier under review.
Our team comprises seasoned professionals with a thorough understanding of insurance regulations, market conduct principles, and underwriting/claims best practices. We offer specialised expertise in Property & Casualty (P&C), Life, and Health insurance sectors. We also offer specialised support for complex run-off situations, ensuring a smooth and efficient audit process. Furthermore, our team includes underwriting and claims experts who are well-equipped to evaluate carrier adherence to market conduct requirements. With our Regulatory Audits, you have a trusted partner for effective oversight.

Tailored Audit Plans

Customised plans for effective, relevant audits.

Deep Industry Expertise

Seasoned professionals providing knowledgeable oversight

Run-off Assistance

Specialised support for smooth, efficient audits.

Market Conduct Specialists

Experts ensuring high standards of conduct

Benefits of our Agency Management Review service

Working with us for your Regulatory Audit needs brings a multitude of benefits. You gain enhanced confidence with the knowledge that experienced and qualified professionals are conducting your carrier reviews. Our streamlined approach improves efficiency, optimising resource allocation and audit completion. We proactively identify and mitigate potential market conduct issues, fostering a fairer and more secure insurance landscape. Lastly, our comprehensive audit findings enable data-driven decision making, informing regulatory actions and policy development to enhance your operations.

Improved Efficiency

Strengthened Market Conduct

Enhanced Confidence

Data-Driven Decision Making

"Our Regulatory Audits have proven to be a crucial resource for our department. Leveraging our industry expertise and collaborative approach, we’ve been able to significantly enhance the thoroughness and effectiveness of our carrier reviews. We’re confident that our services would be beneficial to any regulatory body looking to bolster their oversight capabilities."

Pro Global Audit & Advisory team

Latest Insights

Strengthening Claims TPAs at Lloyd’s – Best Practices for 2025 and Beyond 

As the Lloyd’s and London Market grows – forecasted to expand from $115 billion to $150 billion over the next five years – the importance […]

Why Insurers Should Leverage Highly Fertile Automation Opportunities – in the London Market and Beyond

It’s no secret that insurers want to “work smarter, not harder,” which is why the London Market has been actively pursuing technological advancements. Yet, despite […]

Lessons from TruStar – Strengthening MGA Oversight in Canada

The recent legal and regulatory turmoil surrounding TruStar Underwriting Inc. in Ontario, Canada, has sent ripples across Canada’s MGA community. Allegations of operational failures have […]