INSUR
Underwriting, reserving, reinsurance and conduct, on one register.
An insurer's risk profile spans actuarial judgement, counterparty exposure and how intermediaries behave in the market. Those live in different teams and usually in different documents. eGRC puts them on one register with the same scoring, the same owners and the same evidence standard.
Supervisory bodies institutions in this sector report to
- IRA Insurance Regulatory Authority · Kenya
- TIRA Tanzania Insurance Regulatory Authority · Tanzania
- NAICOM National Insurance Commission · Nigeria
- NIC National Insurance Commission · Ghana
- FSCA Financial Sector Conduct Authority · South Africa
eGRC does not ship a fixed rulebook. Your obligations register is built from the licences, statutes and supervisory guidance that apply to you, in whichever markets you are supervised — including groups reporting to more than one.
PRESSURE
What makes this hard in your sector.
Written from what we are shown when we sit down with organisations like yours. If none of it is true for you, this is probably not the right product for you yet.
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Risk sits with the actuary, the underwriter and the compliance officer separately
Each holds part of the picture in a form the others do not read. The consolidated view is assembled for the board and then discarded until next quarter.
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Reinsurance and counterparty exposure change faster than the register
A treaty renews or a reinsurer's rating moves, and the risk register that mentions it was last updated two quarters ago.
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Conduct and intermediary risk are hard to evidence
You know which agents and brokers concern you. Showing the regulator the control that addresses it, when it was last tested and what the test found is a different exercise entirely.
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Claims and complaints data does not reach the risk framework
Loss events and complaints are managed operationally. They rarely feed back into the risk ratings they should be changing.
OUTCOME
What changes once the register is in one place.
These are the things clients in this sector set up first.
- Underwriting, reserving, reinsurance, market, operational and conduct risk on one register with consistent scoring
- Reinsurance and counterparty exposures held as risks with owners, review dates and treatment plans
- Statutory returns and licence obligations on a calendar with named owners and attached evidence
- Claims, losses and complaints captured as events that update the risks they belong to
- Control testing on the controls the board is actually relying on, with evidence a reviewer can open
- A board and risk committee pack produced from the register, with movement since the last meeting
MODULES
The modules that carry most of the weight here.
Every tier includes the register and the audit trail. These are the ones this sector leans on hardest.
- RISK
Risk register
You keep one register, and it is always the current one.
- CTRL
Control library
You can show which control reduces which risk, and whether it worked.
- OBLG
Compliance obligations
You hold one list of what you owe your regulator, and who owes it.
- INCD
Incidents and loss events
You capture what went wrong while people still remember it.
- POLY
Policy management
You know which policy is current, when it was approved, and who has read it.
- ASSR
Assurance reporting
You build the committee pack from the register, not from memory.
- TRAIL
Audit trail
You can prove what the register said on any date, and who changed it.
See it set up for IRA reporting.
Tell us which returns you file and how your risk and audit committees are structured, and the demo will be built around that rather than around a generic insurer.