Private motor insurer First Central Insurance and Technology Group has partnered with Clausematch to streamline its drafting, review and approval processes.
According to Clausematch, 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 said it has allowed First Central to streamline its policy drafting, reviewing, and approval processes in a clear and easy-to-understand way.
Clausematch head of sales Freddie Frith said, “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.”
First Central risk and compliance director Ben Lowing added, “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.”
Cross-border payments firm Currencycloud recently contracted Clausematch to implement the latter’s policy management solution.
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