Arc Legal Assistance, which manages more than 600 contracts, has tapped REG (UK) Ltd for its on-demand due diligence and agency management offering.

Using the REG Network, the specialist legal expenses and add-on insurance products provider will be able to significantly decrease the time it takes to onboard new customers, as well as increase the frequency and detail of its current oversight processes. The technology will also allow Arc Legal to manage both its UK and Ireland business from one central utility.

“Arc Legal’s distribution continues to grow, and we are delighted to provide on-demand solutions to enable continual due diligence and risk management to the business,’ said REG managing director Paul Tasker. “The REG Network allows Arc Legal to save time and cost, reduce manual inputs and checks of key corporate and regulatory data.”

Meanwhile Frank O’Malley, deputy chief executive at Arc Legal, sheds light on how crucial it is to tap REG’s technology. 

“We currently manage over 600 contracts covering in excess of 16 million policies,” explained O’Malley. “Maintaining effective oversight of our distribution is an important aspect of risk governance. The REG technology was an obvious choice for us.”