The insurance industry provides risk transfer, saving and investment products to a variety of consumers worldwide, ranging from individuals to large corporations to governments.

They are less exposed to AML/CTF risks than other Financial Institutions. However, because most life insurance policies are linked with investment opportunities, these types of products can be very attractive for criminals to launder illicit funds of significant value.


The AML/CTF risks of different products offered by an Insurance Company are by far not equal and they must also handle these risks according to the Risk Assessment findings.

Consortix can help Insurance companies to meet regulatory expectations in terms of onboarding (customer screening and Customer Due Diligence) and monitoring their customer’s behavior, allowing to leverage a risk-based approach.

For more details, please look inside what we can offer to your company.

Transaction Monitoring

Customer Screening

KYC Onboarding

Customer Due Diligence


Insurance companies are highly exposed to fraud. It can manifest in various forms and cost millions of euros or dollars annually. If your Organization is after fraudulent insurance claims regardless of type of insurance product, Consortix offers a powerful weapon to detect or deter such activities. SAS Insurance Fraud will equip your team with a business rule engine, case management, network analytics and data visualization.

Insurance Fraud