LONDON, UK – 5 October 2023 : Asta, the leading third-party managing agent at Lloyd’s, has reinforced its commitment to innovation by implementing the award-winning Decision Focus GRC (Governance, Risk and Compliance) technology platform. The modern, cloud-native solution will support Asta’s resolute focus on strong governance and risk management across a diverse and growing portfolio of clients. The new solution, widely adopted throughout the Lloyd’s market, Insurance, and Financial Services sectors, will also enable a more integrated approach to assurance across technical disciplines to deliver efficiencies in reporting and analysis for its clients.
Initially, Asta is implementing Decision Focus’ Risk & Control Self Assessment (RCSA) module, for the identification and management of risks and maintaining robust control frameworks. This marks the first step before integrating the broader spectrum of capabilities within the Decision Focus portfolio, specially designed to tackle complex market challenges head-on.
Commenting on the migration, Clare Barley, Chief Operating Officer at Asta says:
“Not only does the technology support our near-term strategic objectives, but Decision Focus has demonstrated its scalability and adaptability as we plan to further integrate other assurance-related activities such as operational resilience into our GRC framework. We greatly look forward to advancing our partnership and are impressed by the team’s consultative approach, expertise within the Lloyd’s market and how much we have accomplished together in a short period of time.”
On behalf of Decision Focus, Jeff Robinson, Partner, says: “We are absolutely delighted to have Asta as a client – its decision to join us is further testament to Decision Focus’ unrivalled knowledge of the Lloyd’s of London environment, technical innovation and agile approach to delivery. With a shared vision of integrated assurance, we greatly look forward to helping Asta to develop a GRC framework that will provide resilience, agility and opportunity. For now, the combined team are off to a phenomenal start and on track for full deployment of the solution within weeks of signing.”