The insurance industry is increasingly exposed to financial crime risks, including fraudulent claims, money laundering through premium payments, and involvement with sanctioned entities. Regulatory authorities worldwide are tightening compliance requirements for insurers across life, health, and general insurance. ZIGRAM’s RegTech solutions help insurers automate compliance, detect fraud, and manage risks effectively while maintaining smooth customer experiences.
The insurance sector faces significant financial crime risks, including fraudulent claims, money laundering through premium payments, and exposure to sanctioned entities. Key requirements include:
Adhering to regulatory frameworks like FATF recommendations, Insurance Regulators guidelines, and jurisdiction-specific AML rules
Conducting KYC for policyholders, beneficiaries, and intermediaries
Identifying fraudulent claims and suspicious transactions across life, health, and general insurance.
Ensuring customers, beneficiaries, and intermediaries are not linked to global sanctions or politically exposed persons (PEPs)
ZIGRAM’s RegTech solutions provide insurance platforms with:
ZIGRAM’s RegTech solutions provide insurance platforms with:
Identify fraudulent claims and suspicious policies in real time
Lower manual effort in compliance workflows through automation
Automate customer and beneficiary screening across global watchlists and PEP databases
Gain insights into high-risk customers, intermediaries, and claims using enriched datasets
Stay ahead of AML and CFT regulations with continuous updates and monitoring
We leverage our proprietary Integrated RegTech Stack to offer the Risk Application Ecosystem to customers across the world, to help manage risks and compliance driven use cases.
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