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P&C Financial Crime Detection

Ensure regulatory compliance and manage risk more effectively

Financial Crime Detection

World governments require insurance companies to know who is using their services, and to prevent identified bad actors from using insurance services to launder money. Using Shift Financial Crime Detection, insurers can resolve bad actors' entities using AI, while at the same time mitigating illegal activities. Insurers can demonstrate their compliance by helping to make the world a better place.

  • Resolves false identities using a variety of internal and external data sources 
  • Automatic AI analysis identifies policyholders who may be politically exposed, sanctioned by a foreign government, or in other sensitive positions
  • Maintain regulatory compliance across multiple jurisdictions
  • Supports Know Your Customer (KYC) initiatives

Impact:

Address a range of compliance challenges related to financial crime

Increased Accuracy
Increased Accuracy

Identify previously unseen connections between suspicious persons and resolve multiple entities.

Faster Investigations
Faster Investigations

Explainable AI gives investigators contextual guidance to speed time to resolution.

Reduced Cost
Reduced Cost

Avoid fines and reduce exposure to loss by streamlining regulatory compliance.

Improved Efficiency
Improved Efficiency

Accelerate investigations of internal and external fraud with tools like entity resolution and network detection.

Efficient, customizable user interface

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Aggregate Risk Score
Keep track of potential bad actors with a single, comprehensive risk profile.
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Highlight Risk Factors
Learn the reasons why an entity could potentially be compromised in terms of compliance.
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Unmask networks
Learn how your risky applicant may be connected to other compliance risks.

Let's work together to transform insurance decision making!

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