AML compliance designed for insurance
Meet regulatory compliance obligations with an AI-powered suite of solutions built specifically for insurance requirements
Modern threats. Rising expectations. One intelligent solution.
Insurance compliance for global brands
view of customers, policies, and intermediaries
faster investigations using entity-based investigations for AML
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.
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.
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.
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.
Insurance customer success
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.
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Explore our comprehensive range of compliance products
Streamline KYC/CDD operations with fully integrated, AI-driven 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
Unify your compliance strategy with enterprise-wide AML transaction monitoring that ensures global compliance. Transaction Monitoring is a complete transaction monitoring detection and investigation solution that blends trusted technology with cutting-edge predictive and generative AI.
SymphonyAI’s Transaction Monitoring uncovers hidden risk with detection capabilities that are designed to adapt. Reduce false positives by 70%, prioritize high-risk alerts, and enable investigators to risk assess behavior changes in real-time—all while streamlining investigations.
Solve complex financial crime challenges—while creating frictionless customer experiences. Customer Due Diligence is an enterprise-wide solution that enables your team to comply with know your customer (KYC) and anti-money laundering (AML) regulations.
SymphonyAI’s Customer Due Diligence solution seamlessly integrates with internal and external data sources to streamline investigations and provide a holistic view of customer risk. Real-time risk assessments enable fully automated onboarding, and with enhanced visibility, investigators can prioritize high-risk alerts.
Fight back faster and smarter with advanced behavioral fraud detection that significantly reduces losses, keeps your customers safe, and monitors cross-channel activity to keep your entire payment ecosystem protected.
SRI Investigation is a next generation case management system that’s 100% compatible with any third-party detection system. Consolidate your enterprise-wide risk and compliance tech stack with a single platform that gives investigators a holistic view of customer behavior.
- Accelerate investigations with SRI Copilot, a generative AI investigative assistant
- Centralize disconnected data and connect siloed teams
- Improve investigator consistency with personalized Action Lists
- Configure flexible disclosure frameworks
- Manage operational performance with ease
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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 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.