TORONTO, November 26, 2019 – APEXA, a subsidiary of Reinsurance Group of America, Incorporated’s transformation engine RGAX, today announced that it has been named to the RegTech 100 for the second consecutive year. Compiled by FinTech Global and RegTech Analyst, the RegTech 100 identifies the world’s most innovative companies for developing mission critical regulation technology (regtech) and digital transformation strategies for the financial services industry.
“Being named to the RegTech 100 once again is a huge accomplishment for us,” said Tonya Blackmore, Chief Executive Officer, APEXA. “Our team has been working tirelessly to transform and revolutionize the agent screening, contracting, and compliance processes in Canada, and in just over two years, APEXA went from initial launch to serving the majority of the Canadian life insurance industry.”
Before APEXA, agent screening, contracting, and compliance processes were paper-intensive and required duplicative steps, among other inefficiencies. APEXA identified the need for improved processes and seized the opportunity to advance the industry by offering a centralized, standardized hub as a single source of information about advisors that is auditable, verifiable, and secure.
This recognition from the RegTech 100 comes on the heels of another recent honor for APEXA: Earlier this month, APEXA was recognized for its innovative digital platform and received the gold award in the Business & Operating Model Transformation category at the Efma-Accenture Innovation in Insurance Awards in North America.
For more information about APEXA, please visit www.apexa.ca.
APEXA is a centralized, standardized digital contracting and compliance solution connecting Canadian advisors, MGAs, and carriers. APEXA was created by bringing together teams of experts from nine leading Canadian MGAs and carriers, industry compliance professionals, and subject matter experts to form Canada’s first industry-governed solution for advisor contracting and compliance. APEXA, a brand under the LOGiQ3 family of companies, was acquired by RGAX in 2018. Visit www.apexa.ca for additional information.