Europol highlights a significant opportunity for insurers to improve crime detection just by enhancing investigators’ time spent analyzing alerts by 5%. With regulators globally scrutinizing insurers’ ability to counter money laundering, a proactive compliance strategy is critical. Modern business demands an improved customer experience, fast onboarding, and seamless claim and policy management. However, rising complexities in compliance such as FATF and AMLD regulations, UBO directives, and stringent customer identification requirements present challenges and potential costs. Compliance failures can damage reputations and incur substantial fines. Insurers must demonstrate robust, up-to-date controls, which are crucial for effective financial crime detection. Leveraging over 20 years of banking compliance expertise, SymphonyAI offers comprehensive AML solutions to expedite insurers’ compliance journeys, reducing costs and enhancing effectiveness. The NetReveal platform safeguards every step in the insurance lifecycle, integrating machine learning to reduce false positives and improve alert qualification. It covers all compliance needs across life insurance, annuities, property casualty, reinsurance, and both commercial and personal lines. Download the data sheet to discover how SymphonyAI’s NetReveal can enhance your compliance solutions and protect your business against financial crime.