Protecting Insurers From Financial Crime Risk.
Insurance providers are increasingly targeted by money laundering and fraud. Nexiant helps insurers screen applicants, monitor policyholders, and meet FATF obligations at scale.
The Challenge
Financial Crime Risk in Insurance Is Often Underestimated
Insurance is a known vector for money laundering — and regulators are paying closer attention. The cost of a reactive approach is growing.
Application and Claims Fraud
Fraudulent applications and inflated claims cost the global insurance industry over $80 billion annually. Identifying fraud risk at application — before a policy is written — is the most cost-effective defence.
AML Obligations for Life Insurers
FATF Recommendation 26 explicitly includes life insurance and other investment-linked products within AML/CTF obligations. Failure to perform CDD and ongoing monitoring exposes insurers to regulatory sanction.
Policyholder Monitoring at Scale
AML obligations don't end at policy inception. Insurers must continuously monitor policyholders for changes in risk profile — including sanctions hits, PEP status changes, and adverse media coverage.
Broker and MGA Compliance Gaps
Brokers and Managing General Agents often lack dedicated compliance infrastructure. Without a lightweight, accessible screening tool, CDD obligations fall through the gap between insurer and intermediary.
How Nexiant Helps
Solutions for Insurers, Brokers, and MGAs
Whether you're a large insurer building enterprise compliance infrastructure or a broker needing quick, reliable CDD checks, Nexiant has the right tool.
MemberCheck Enterprise
AML Compliance for Large Insurers
For insurers with high policy volumes, MemberCheck Enterprise provides the screening infrastructure needed to run PEP, sanctions, and adverse media checks at application — and continuously throughout the policy lifecycle.
- PEP and sanctions screening at policy application
- Continuous monitoring with automated re-screening schedules
- Adverse media monitoring across global news sources
- Risk-tiered CDD workflows based on policy type and value
- Multi-user compliance team access with full case management
- Exportable audit trail for regulatory review
NameScan
Pay-As-You-Go Screening for Brokers & MGAs
Brokers and MGAs need a fast, reliable way to screen clients without the overhead of an enterprise compliance system. NameScan provides instant CDD checks on a pay-per-check basis — no contracts, no setup costs.
- Instant PEP and sanctions screening via web portal or API
- Pay-per-check credit model — scale up or down as needed
- Individual and business entity screening
- Bulk upload for high-volume screening periods
- Downloadable compliance report per check for your records
- Sign up in minutes — no implementation project required
FraudShield
Transaction & Claims Pattern Monitoring
FraudShield's transaction monitoring capabilities extend to insurance premium payments and claims disbursements — flagging patterns that indicate money laundering or organised fraud rings before they escalate.
- Monitor premium payments for structuring and unusual patterns
- Flag suspicious claims behaviour with AI-assisted anomaly detection
- Configurable risk rules for different policy and product types
- SAR flagging and case escalation workflow
- Integration with claims management systems via API
- Regulatory reporting with pre-built report formats
MemberCheck Enterprise
Identity Verification at Application
Confirm the identity of applicants at the point of policy application — preventing fraudulent policy inception and satisfying CDD requirements before cover is bound.
- Document verification and biometric liveness check
- eKYC via government and credit bureau data matching
- Business entity verification for commercial policies
- Beneficial ownership tracing for complex structures
- Risk-tiered verification flows based on policy value
- Integrated into existing policy management workflows
Get Started
Start Screening Today
No implementation project required. NameScan is ready to use in minutes. Or speak with our team to explore enterprise options.
NameScan — Free to Start
Sign up and run PEP and sanctions checks immediately. Ideal for brokers, MGAs, and underwriters who need fast, reliable CDD.
Start Screening FreeEnterprise Solutions
Speak with a Nexiant expert to explore MemberCheck Enterprise or FraudShield for your compliance programme.
Speak with an ExpertWhy Nexiant
Built for Insurance Compliance
Screen at Application
Run PEP, sanctions, and adverse media checks at the point of policy application — before risk is accepted and before underwriting resources are committed.
Ongoing Policyholder Monitoring
Set automated re-screening schedules to monitor all in-force policyholders continuously — with alerts generated whenever a watchlist status changes.
Auditable Compliance Records
Every check produces a timestamped, exportable compliance report. Demonstrate your CDD programme to regulators with confidence.
Global Watchlist Coverage
Access to hundreds of sanctions lists, PEP databases, and adverse media sources across 130+ jurisdictions — updated continuously for accuracy.
Ready to strengthen your insurance compliance programme?
Speak with a Nexiant expert and find the right solution — from individual broker checks to enterprise insurer infrastructure.