Purpose-Built for Insurance

AML Risk Manager from Fiserv enables life insurance companies and intermediaries to establish a comprehensive and cost effective risk-based AML strategy. AML Risk Manager detects, investigates and reports suspicious activity. Insurance companies around the world, including some of the largest, use the solution to manage the risks associated with money laundering, terrorist financing and fraud. Purpose-built for the insurance industry and easy to deploy, AML Risk Manager also helps streamline and simplify compliance with country-specific regulations and reporting requirements, and manages multiple currencies and languages.

Make Informed Real-Time Decisions

Customers, agents and policies of all types can be monitored for criminal activity using AML Risk Manager. The solution monitors transactions and events involving policies, parties and producers - based on known insurance money laundering scenarios, such as lump sum payments, early withdrawals, frequent address changes or high-risk payment methods. It imports key data about customers, policies and transactions, and uses best-in-class predictive analytics to continually monitor for signs of unusual or suspicious behavior. The web-based interface provides the user with step-by-step alert management and investigation, built-in case management, and configurable workflow to streamline analysis and improve business efficiency.

Compliance and Fraud Management solutions for Insurance include: