AML Suite for Insurance
Anti-money laundering platform built for insurers
Clari5 AML suite for insurance is a comprehensive platform that comes with a pre-configured scenario library for life, annuities, and investment-linked products, with goAML reporting built in, the standard used across more than 60 countries, so there is no banking platform to bend into shape. It catches what other bank tools miss while monitoring agents and intermediaries for concentration risk, abnormal cancellations, and commission patterns linked to money laundering. And it is built for your markets, with mobile money, microinsurance, and multi-currency monitoring, production coverage in Africa, and active expansion across Asia-Pacific and the Middle East.
Strengthen your Insurance AML program
Insurance-specific detection across the complete policy lifecycle, with sanctions and beneficial-ownership screening, agent oversight, and FIU-ready reporting in one platform.
Screen policyholders, beneficiaries, nominees, and beneficial owners against United Nations, OFAC, European Union, regional, and local sanctions and politically exposed person lists. Monitor premiums, surrenders, claims, and payouts for structuring, refund abuse, early surrender, and unusual funding.
Insurance-specific scenarios combined with behavioral analytics, peer-group and cross-policy comparison, and deviation detection. Every alert carries transparent reasoning, with machine learning prioritizing high-risk cases and scoring low-priority alerts for closure under human review.
FIU-ready suspicious transaction reports, pre-configured for goAML. Generative AI drafts the grounds for suspicion under mandatory analyst approval, with a complete audit trail. Achieve a 40 to 60 percent reduction in false positives and 75 percent faster report processing.