Insurance fraud detection team

AML Compliance and Fraud Management for Insurance

Fast, easy compliance
and fraud management

Keeping up with AML regulations doesn’t have to be stressful. While insurance companies are facing increasing regulation, the right AML partner can help you automate time-consuming tasks, manage suspicious activity and ensure compliance for regulator audits. Alessa offers a comprehensive platform specifically built to help insurance companies maintain compliance.

Why Compliance Professionals Prefer Alessa

One Integrated Platform

A complete AML program on one integrated platform, Alessa offers you seamless compliance functionality – from the first red flag to the final regulatory report.

Get a Daily Update of Client Risk

Alessa provides you with a comprehensive update on client risk, highlighting the customer whose risk scores have surpassed your establishment’s risk threshold in the last 24 hours.

A 360° View of Each Client

Alessa 360° provides a complete view of client information and activities, making suspicious activity easier to investigate and resolve.

Expedited Results Through Automation

We've streamlined and automated many of the time-consuming AML tasks so you can focus on investigation and the next steps to help keep your financial institution compliant.

Ongoing Expert Support

From your first conversation with our risk experts to the ongoing support offered by our account managers and support team, we help you strengthen and streamline your AML program.

Alessa’s Integrated AML Platform for Insurance Companies Offers You

Identity Verification and KYC for Insurance Companies

Designed specifically to meet the unique challenges of the insurance industry, our solution seamlessly integrates with existing onboarding systems to provide real-time, comprehensive insights.

Avoid Risky Clients With Sanctions Screening Software Built for the Insurance Industry

With Alessa, screening can be done in real-time, or periodicially in batches. Alessa uses sanction lists, OFAC, law enforcement, politically exposed persons (PEPs), adverse media, and internal high-risk lists to provide a realistic view of the potential risks associated with your clients.

Real-Time Transaction Monitoring and Screening

Quickly detect any suspicious movement of funds in and out of policies, as well as monitoring insurance claims fraud. Alessa can monitor every type of transaction, including the well-known money laundering scenarios within the industry.

Automate Regulatory Reporting

With Alessa, your regulatory reports (CTRs, SARs, LCTRs and STRs) can be auto-populated, validated, and electronically submitted across multiple jurisdictions.

Enhance Collaboration With Case Management

Alessa offers a highly automated case management solution that allows your team to collaborate better and get to resolutions quicker.

“I love to find software solutions that help make business processes easier. Three years ago, we were doing all of this manually. Our transaction monitoring, customer risk scoring, SARs filing, were all manual. We knew there had to be a better way, so we started looking at options. When we reviewed Alessa, we found that we could automate all of these functions, including some that we hadn’t even considered being able to automate before.”
A Client using Alessa's AML automation solution
Lisa Arechavaleta
VP of Compliance, Athene

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