Insurance
Fraud and Financial Crime can occur across any number of sectors and Insurance Firms are no exception
Why Insurance Companies entrust their compliance operations to us
The regulatory environment engulfing Insurance Firms is burdened with a magnitude of controls and regulations that aim to minimise and mitigate risk, including the density of processes between departments. This necessitates the use of processes which involve radical and effective breakthroughs in ‘Know Your Customer’.
Assessing Risks adds immeasurable value to the goodwill of organisations. It also protects Insurance companies against the damaging effects of the money-laundering activities which are so detrimental to an organisation’s brand name
Understand your Risks to manage them effectively
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Consistently respond to global regulators to identify money-laundering risks within the insurance industry.
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Centralised compliance and case repository for a complete client profile check against sources for politically exposed persons and sanction lists.
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Check for adverse media to detect fraud risks.
Managing your Risks and Operations
Our Governance, Risk & Compliance Solution (embed link to the solution) offers unrivalled insights and control mechanisms in relation to Risk, Compliance, Internal Audit, and Incident Management, while securing a risk-based approach to managing and mitigating Risk.
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Improve activity execution and data quality for the risk management process.
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Enable the identification, assessment, and management of risks across the organisation.
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Manage all incidents, from financial losses to workplace injuries and security breaches.