Insurance

AML compliance designed for insurance

Meet regulatory compliance obligations with an AI-powered suite of solutions built specifically for insurance requirements

AML compliance designed for insurance
U.S. Proposed Rules for Investment Advisers Portend Major Implications for Insurance Companies
U.S. Proposed Rules for Investment Advisers Portend Major Implications for Insurance Companies
How will the proposed AML regulations affect large insurance companies with RIAs?

Insurance compliance for global brands

  • 360°

    view of customers, policies, and intermediaries

  • 20-30%

    faster investigations using entity-based investigations for AML

  • 40%

    reduction in false alerts for sanctions

Enhanced risk management

Our end-to-end solution supports every stage of the customer lifecycle—from seamless onboarding to ongoing due diligence, continuous transaction monitoring, and swift identification of suspicious activities.

tear down silos

Meet regulatory compliance

Ensure that your AML compliance operations adhere to ever-changing global regulatory mandates with a comprehensive library of pre-configured and customizable scenarios designed specifically for insurance needs.

Meet regulatory compliance

360° view of customers’ policies and intermediaries

Monitor customer and intermediary activity with AI-powered behavioral analytics that uncovers suspicious behavior and signs of money laundering activity.

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Enable multi-organizational compliance

Our solutions can be deployed across numerous, complex business units, enabling a centralized insurance detection model to align AML compliance operations throughout the entire organization.

Disclosures

Insurance customer success

insuranace banking company
US FINSERVE AND INSURANCE COMPANY

Prominent, century-old US company secures 500,000 daily transactions

With a vast network comprising more than 15 million customers and policies and 400,000 agents and employees, the company required strong and robust compliance and fraud prevention software to manage and secure over a half million daily transactions.

Given the dynamic nature of regulatory requirements and the sophisticated strategies employed by fraudsters, the institution needed a flexible and scalable solution that could evolve alongside emerging threats and business needs.

Explore our comprehensive range of compliance products

Streamline KYC/CDD operations with fully integrated, AI-driven NetReveal Name Screening. With extensive, flexible list integration, get real-time sanctions, PEP, and adverse media screening as standard to remove customer friction points, reduce false positives, and capture genuine risk.

  • Screen against 350 supported watchlists in 60+ languages
  • Enable real-time onboarding at scale
  • Automate watchlist updates to support dynamic risk assessments
  • Reduce false positives with superior matching accuracy
  • Effortlessly scale to handle extreme volumes of data

Streamline KYC/CDD operations with fully integrated, AI-driven NetReveal Name Screening. With extensive, flexible list integration, get real-time sanctions, PEP, and adverse media screening as standard to remove customer friction points, reduce false positives, and capture genuine risk.

  • Screen against 350 supported watchlists in 60+ languages
  • Enable real-time onboarding at scale
  • Automate watchlist updates to support dynamic risk assessments
  • Reduce false positives with superior matching accuracy
  • Effortlessly scale to handle extreme volumes of data

Related resources

 
11.3.2023 Data sheet

AI-led compliance for insurance

 
Data sheet

Safeguarding Insurance

 
White paper

Compliance for Insurance

Insurance FAQs

The team at SymphonyAI is here to answer your questions about financial crime prevention and our solutions. Here are some of the most common.

SymphonyAI offers an AI-powered suite designed for AML compliance in insurance, covering onboarding, due diligence, transaction monitoring, and suspicious activity detection.

With entity-based investigations, SymphonyAI enhances AML investigations by providing a 360° view of customers and intermediaries, leading to 20-30% faster investigations and improved accuracy.

The platform achieves a 40% reduction in false alerts by leveraging AI behavioral analytics and superior matching accuracy, which minimize low-priority alerts and focus on genuine risks.

Yes, SymphonyAI’s solution is designed to centralize AML compliance across complex insurance organizations, allowing each unit to operate with aligned detection and compliance standards.

Through the AI-driven NetReveal Name Screening, SymphonyAI provides real-time sanctions screening, PEP checks, and adverse media screening, integrating 350 watchlists across 60+ languages for comprehensive KYC and CDD operations.

SymphonyAI’s compliance solutions have enabled insurers to streamline AML processes, reduce false positives, and efficiently handle large volumes of data, thus improving regulatory adherence and customer experience.