Financial sanctions often include rules against providing insurance to certain entities. This means it is important for insurers to know who they are providing cover to.
Whether you are a broker, insurer, reinsurer or a claims handler, if you are controlling or enabling the provision of insurance, sanctions screening is needed.
Putting in place sanctions screening at pre-bind, during the life of the policy and at payment stage can be complex. The addition of areas such as delegated authority makes this even more difficult.
Our comprehensive solution provides sophisticated screening and an on going monitoring service, allowing you to keep up-to-date with potential matches after sanction list updates.