Property, Casualty and Life Insurance
Insurance Regulatory Compliance Services
Managing a comprehensive compliance program in-house can monopolize employee attention, while insufficient staff expertise can compromise security. From property insurance to casualty and life, at CSI, we have experience serving the regulatory compliance needs of insurance companies like yours, so you can properly frame, execute and track a coherent plan around managing risk.
In the insurance industry, having a full understanding of U.S. economic sanctions and embargo programs is pivotal to protecting your firm’s bottom line from fraud and civil and criminal penalties. Leveraging CSI’s OFAC compliance and ID verification software can help ensure your business has a tested system for maintaining oversight and effectively managing risky business dealings.
Managing Insurance Compliance
Certain insurance customers and products present a higher risk profile for sanctions violations or money laundering activities, which can carry additional compliance burdens. You may also be subject to other provisions of the USA PATRIOT Act, including anti-money laundering program requirements, such as customer identification rules and suspicious activity reporting.
CSI’s compliance management system can help your organization avoid government fines and increase your protection from fraud through:
- Access to recommended and vetted service providers for hosted or installed watchlist screening, cybersecurity and IT services
- Seamless integration with existing systems to cross-check and verify government watch lists and payments fraud
- Preferred access, guaranteed standard pricing and service packages designed specifically for participants