Hubio now offers Regulatory-Reporting-as-a-Service
Toronto, ON (Oct. 10, 2019) – Hubio Technology, a provider of Property and Casualty (P&C) insurance solutions that enable frictionless transactions, is pleased to announce the launch of regul8 v10, the next generation of its industry-leading regulatory and statistical reporting platform.
New architecture: regul8 has been rearchitected to leverage container technology to simplify the configuration and management of its infrastructure and enable maximum flexibility in deploying on cloud or on-premise. The platform now also offers robust monitoring capabilities and allows for easier scaling, especially on cloud infrastructure. Existing regul8 customers will benefit from a conversion accelerator to ensure rapid migration of their code.
Regulatory-Reporting-as-a-Service: the new architecture now enables new support models to lower the TCO and improve spend predictability for insurance carriers. Regulatory submission management is now also offered as a full Business Process Outsourcing (BPO) solution, with cloud deployments.
Data and analytics: regul8 now offers built-in dashboards to enable better tracking of metrics, reconciliation and operational statistics. A new error analytics module enables insurance companies to extend their data governance capabilities and take corrective actions relating to data quality.
Error correction: error correction has always been a key feature of regul8 and it has now been updated to improve User Experience (UX) and to address more regulatory edits, thereby reducing potential deficiency fees.
“This new version of regul8 is the result of extensive feedback from our valued customers and represents a significant improvement of our regulatory reporting capabilities,” said Nicholas Yee, CSO of Hubio. “This will also enable Hubio to deliver significantly better value to our customers while providing more peace-of-mind.”
All IBC and GAA statistical submissions are currently supported. Risk Sharing Pool submission support (FA RSP and GAA PRR) will be released shortly.
About Hubio Technology
Hubio connects P&C insurers to partners and customers, through technology that drives growth, reduces costs and improves customer experience. regul8 is Hubio’s Software-as-a-Service (SaaS) regulatory reporting platform designed for P&C insurers so they can confidently submit quality data to regulatory agencies and avoid unnecessary deficiency fees. Hubio has provided solutions to Canadian Property and Casualty insurers for nearly two decades. For more information, visit hubio.com or email [email protected].
SOURCE: Hubio TechnologyTags: Hubio, Next Generation Platform, platform