Industry · Insurance & Reinsurance
🇬🇧 FCA · 🇪🇺 Solvency II · 🌐 IAIS · 🇸🇬 MAS

Insurance Compliance & KYC Software for Insurers & Reinsurers

Automate KYC at policy inception, AML screening across life and specialty lines, and regulatory reporting for FCA, Solvency II, and IAIS obligations. Built for life insurers, general insurers, and specialty underwriters.

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Insurer · Compliance Snapshot
📝
Policy Inception KYC
Applicant + beneficiaries
Verified
💼
Commercial Lines KYB
Corporate insured UBO
Mapped
🚨
Sanctions Screening
Claims & payout checks
Active
📊
FCA · Solvency II Reporting
Multi-framework ready
Ready
The Challenge

Insurance AML Is More Complex Than People Think

Life insurance products with investment components (unit-linked, with-profits) are AML-relevant financial instruments. Large commercial policies involve complex corporate insureds. Claims payouts to sanctioned jurisdictions can trigger enforcement. And with FCA, Solvency II, and IAIS frameworks all in play, insurers carry a layered compliance burden that legacy policy administration systems were never designed to handle.

💰

Life Insurance as AML Target

Unit-linked life policies, single-premium investment-linked products, and bond structures can be exploited for laundering. Regulators expect risk-based AML controls proportionate to product complexity.

🏢

Commercial & Specialty KYB

Large commercial insureds — multinationals, complex corporate groups, trust-held assets — require full UBO mapping and sanctions screening at every ownership layer.

🌍

Claims & Sanctions Exposure

Paying a claim to a sanctioned individual or into a sanctioned jurisdiction triggers enforcement — even if unintentional. Continuous screening at claims stage is essential.

How We Help

Insurance Compliance on One Platform

One Constellation brings structured KYC, AML, and regulatory reporting to insurance operations — integrated into policy administration and claims management.

📝

Policy Inception KYC

Identity verification of applicants, screening of named beneficiaries, source-of-funds documentation for single-premium products, risk rating by product type.

💼

Commercial Lines KYB

Full corporate verification for commercial insureds — UBO mapping, director screening, registry lookups across 60+ jurisdictions.

🚨

Continuous Sanctions Screening

Policy holders, beneficiaries, and claimants screened continuously. Claims payouts pre-screened before disbursement — block before wire, not after.

⚖️

FCA & Solvency II Reporting

FCA regulatory returns, Solvency II QRTs, IAIS supervisory requests — generated from a single underwriting and claims data model.

🔗

Policy Admin Integration

API integration with major policy administration platforms. KYC and sanctions screening sit alongside your underwriting workflow.

📚

Full Compliance Audit Trail

Every underwriting decision, claims screening, and regulatory return logged immutably. PRA and FCA reviews become routine.

Regulatory Coverage

Insurance Regulatory Coverage

Every insurance regulator and AML framework that matters — pre-configured and ready to deploy.

🇬🇧
FCA / PRA
UK Insurance Regulation
🇪🇺
Solvency II
EU Insurance Framework
🌐
IAIS ICPs
Global Insurance Principles
🇸🇬
MAS Notice 314
Singapore Insurance AML
🇺🇸
NAIC / State
US Insurance Regs
🇦🇪
DFSA Insurance Rules
UAE Insurance
🇪🇺
AMLD 6
EU AML Directive
🌐
FATF Rec 10
Customer CDD
Use Cases

Every Insurance Line, Every Distribution Channel

📋

Life & Pensions

KYC at policy inception, beneficiary screening, source-of-funds for single-premium products, maturity payout AML.

🚗

General Insurance

Streamlined KYC for motor, home, travel — with escalation workflows for higher-risk lines.

🏢

Commercial & Specialty

Corporate insured KYB, marine and aviation sanctions screening, construction-project ownership verification.

🔁

Reinsurance

Cedant KYB, retrocession chain mapping, sanctions screening on assumed risks.

KYC → Commercial KYB → AML/CFT → Compliance Portal → Banking →
FAQ

Insurance Compliance FAQ

Why do insurers need AML controls?+
Life insurance products with investment components (unit-linked, with-profits, investment-linked bonds) are AML-relevant financial instruments under FATF Recommendations and EU AMLD. Additionally, claims payouts can reach sanctioned parties, large commercial policies involve complex corporate structures, and the FCA and MAS expect insurance firms to maintain risk-based AML controls.
What does Solvency II require from an insurance compliance perspective?+
Solvency II is primarily a prudential regime, but its governance requirements (Pillar 2) mandate effective risk management, internal controls, and compliance functions. AML controls fall within this framework — insurers must have documented AML policies, risk assessments, and audit trails that meet Solvency II governance standards.
How does OC screen beneficiaries and claimants?+
Named beneficiaries are screened at policy inception against OFAC, UN, EU, HMT, and jurisdiction-specific sanctions lists plus global PEP databases. On claim, claimants are re-screened before disbursement — catching any additions to watchlists since inception. The screen-before-payout workflow prevents disbursements to sanctioned parties.
Does OC integrate with policy administration systems?+
Yes. We integrate with major policy admin platforms including Guidewire, Duck Creek, Majesco, and other leading systems via API. KYC and screening status flows into underwriting and claims workflows.
How does OC handle commercial insured KYB?+
Commercial insureds are processed through our full KYB workflow — corporate entity verification, director screening, UBO chain mapping to configurable thresholds, and sanctions screening at every ownership layer. Works across 60+ jurisdictions for multinational insureds.
What regulatory reporting does OC generate for insurers?+
FCA regulatory returns (including RMAR for smaller firms), Solvency II QRTs, MAS insurance returns, and IAIS supervisory requests are all supported. Reports generate from the same underlying data, eliminating reconciliation.

Insurance Compliance Modernized

See how insurers use One Constellation to automate policy KYC, sanctions screening, and FCA/Solvency II reporting.

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