First Central partners with Clausematch to streamline policy management processes
First Central partners with Clausematch to streamline policy management processes
London, UNITED KINGDOM, 12 October, 2022: First Central Insurance and Technology Group, a fast-growing private motor insurer and innovator in data, announced that it has embarked on Clausematch's compliance management platform to streamline its drafting, review and approval processes.
“We have been impressed by the Clausematch team throughout our interactions with them. They have been extremely helpful, engaging and thorough in understanding our business so they can best support us in our goals. The system itself is flexible and has been easily configurable to our needs, and through the implementation we have learned how to ensure it is future-proofed for the continued growth in scale and complexity of our business.” – Ben Lowing, Risk & Compliance Director commented.
The First Central team highlighted the growing need to adopt its policy management system to a platform that would mitigate the risk of error as the company scaled and matured. Clausematch has allowed First Central to streamline its policy drafting, reviewing, and approval processes in a clear and easy-to-understand way.
“Our goal was to offer a solution for First Central that eliminated the burden of manually managing its compliance obligations. With a single platform, it is now possible in a few clicks to run the end-to-end lifecycle of policies so that they can easily be drafted, reviewed, approved, and finalised. Clausematch makes all of that instantly available in an easy-to-use repository for colleagues to access and attest to.” – Freddie Frith, Clausematch Head of Sales remarked.
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About First Central Insurance & Technology Group:
Established in 2008, First Central Insurance & Technology Group delivers market-leading motor insurance, underwriting, distribution, finance, technology and legal services. Its motor insurance broker, 1st Central, is firmly established as a top five best-selling car insurance provider on UK price comparison websites and the Group skillfully optimises its proprietary technology to help over one million customers save money. First Central employs more than 1,000 colleagues working across multiple locations.
https://www.firstcentralgroup.
About Clausematch:
Clausematch is a regulatory technology company that enables financial institutions and other regulated organisations to comply with their internal corporate governance documentation (standards, procedures, controls). Clausematch is live at traditional and challenger banks helping them to implement robust governance and legal documentation processes as part of the first and second line of defense. The company received prestigious awards from BBVA, Banking Technology, CB Insights, Dow Jones, and others. In March 2019, Clausematch launched operations in the APAC region out of Singapore.
