Accelerate KYC for insurance firms with automation
AML solutions for insurers, brokers and agents to combat the rising, global risk of financial crime and money laundering in the sector.
How NorthRow helps insurance firms
KYC, KYB and due diligencE for INSURANCE FIRMS
Global insurers are increasingly exposed to fraud or financial crime with bad actors continually looking for new opportunities to commit insurance fraud, money laundering or other financial crimes as regulation tightens.
Using a cloud-based system allows insurers to deliver compliance quickly while combatting fraud. With a faster route to onboarding, customers will become advocates, and your firm can reduce its risk of exposure to reputational damage.
KYC for insurance firms
Automated KYC for insurers
Remotely onboard your customers and counterparties, build cases for all your compliance checks and store data for a secure audit trail to ensure insurance AML regulations are met for every client.
KYB for insurance firms
Know your business verification
Identify and verify ultimate beneficial ownership (UBOs) faster with access to shareholder information and entity profiles for the most complex corporate structures.
Due diligence for insurance firms
Screening and enhanced due diligence
Capture the information that matters and simplify ongoing monitoring. Automatic alerts for changes of company structures, beneficial ownership, directorships, PEPs, sanctions and adverse media to ensure ongoing compliance to meet AML regulation.
"...there has been a positive change towards client onboarding. We have seen a significant improvement from a cost and time perspective. "
Deputy Money Laundering Officer
500k+ worldwide users
173 active countries
WorkStation platform was designed with compliance professionals in mind. We pride ourselves on always putting our users first and ensuring that our software works for insurance compliance teams regardless of the size, volume or complexity of checks required.
As a single platform it delivers all your KYC, KYB and ongoing monitoring in an intuitive end-to-end solution. WorkStation verifies, screens, manages the results, monitors, and provides a record of all transactions for audit purposes.