Streamlining Kentro’s SMCR to Boost Efficiency
About the company
Headquartered in London, Kentro is an insurance group that employs over 300 staff across the UK, the US, Europe, Asia and Dubai. It operates as a holding company for Nexus Underwriting, Xenia Broking, Millstream, Capstone Brokers and Spectrum Risk Management.
Kentro was formerly known as Nexus Underwriting Management Limited before rebranding in 2022. It was acquired in 2023 by Brown & Brown, a leading global insurance intermediary.
Employees
Over 300
Industry
Insurance
Location
London, United Kingdom
Before working with Skillcast, I didn’t really appreciate what a 5-star Feefo rating meant. Now I do. Their Customer Service team is one of the best I’ve worked with during my career of over three decades. There’s always a way to make the system do what we need; even if they haven’t done something before, they reconfigure things and make it work.
Talent Development Business Partner,
Kentro Capital
The challenge
To manage their Senior Managers and Certification Regime (SMCR) compliance, Kentro was using a mix of documents and spreadsheets alongside a legacy record system. This created two key issues:
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Difficult to maintain transparency, and the administration weighed heavily on staff time
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Greater risk of inconsistency, missed deadlines, and even potential tracking and reporting errors
Some key statistics
The solution
To streamline the Senior Managers and Certification Regime, Kentro used Skillcast SMCR Registers. Part of our Premium Plan, it’s a suite of compliance tools that centralise, integrate and automate the SMCR process.
Kentro also leveraged Skillcast’s customisation features to:
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Mirror the terminology and branding used by each business unit
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Streamline new starter learning journeys
Additionally, they opted to use the Skillcast Learning Management System, part of our Compliance Portal, and integrated it with their human resources (HR) platform.
The outcomes
By implementing our solution, Kentro integrated its SMCR records to increase standardisation, improve accuracy and create efficiencies while minimising risk. This allowed them to:
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Streamline approval of senior managers and annual certification of material risk takers
- Automate record-keeping and chase-ups, saving time
- Enforce firm-wide consistency of record-keeping
- Improve accountability and management oversight
- Identify upcoming SMCR-related tasks and potential compliance gaps
- Be ready for audits, regulatory action and reference requests
Moreover, by integrating our LMS, Kentro further reduced data errors, identified gaps, eradicated inconsistencies, and improved the overall quality of management reporting.
Alongside that, the People Experience team reported significant efficiency and accuracy gains from using Skillcast’s robust one-click reporting for employees’ digital and offline learning.
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