KYC and Identity Verification Software for Insurance

Identity Verification & KYC for Insurance Companies

Know exactly who you are conducting business with

In the intricate landscape of the insurance industry, companies are not only tasked with delivering reliable services but also with upholding rigorous anti-money laundering (AML) compliance standards. At the heart of meeting these requirements is the critical process of identity verification and know your customer (KYC) compliance.

For insurance companies, identity verification transcends a mere regulatory requirement; it is fundamental to maintaining integrity and security within the industry.

Alessa’s identity verification solution is specifically designed to meet the unique challenges insurance companies face. It seamlessly integrates with existing systems to provide real-time, comprehensive insights. By leveraging third-party data and risk intelligence from leading sources, Alessa empowers you to:


  • Efficiently conduct comprehensive Know Your Customer (KYC) and Know Your Business (KYB) checks
  • Adapt and scale solutions in line with regulatory requirements and business expansion
  • Minimize the risk of financial crimes through enhanced due diligence

Why Insurance Companies Trust Alessa for Identity Verification and KYC Compliance

Accelerate Client Onboarding With Real-Time Identity Verification

Alessa streamlines the onboarding process, ensuring you know exactly who you are conducting business with, crucial for compliance and fraud prevention.

Risk Intelligence You Can Trust 

Data is everything for effective identity verification. Leveraging Alessa’s vast data sources, as well as third-party data sources, you get detailed background information on clients, allowing you to complete a thorough risk assessment.

Verify Client Identities On-Demand and Conduct Ongoing and Periodic CDD 

Alessa supports ongoing and periodic CDD efforts for KYC compliance to best inform your compliance team about existing client relationships. Additionally, if needed, you can easily conduct on-demand identity verification.

Automation of Tedious Processes

Manually completing identity verification is time-consuming and puts your business at risk. Automating your identity verification process removes the element of human error, helps to ensure your organization is not conducting business with bad actors and allows your compliance team to focus on tasks that require their critical expertise.

Seamless Integration With Onboarding Systems

Our platform integrates smoothly with your onboarding and sign-up systems, enhancing data access for comprehensive risk assessment. With Alessa, you can easily import relevant PII data points (name, date of birth, SSN, addresses, etc.) to ensure your business utilizes up-to-date, accurate data.

Ongoing Support and Expertise

With Alessa, benefit from continuous expert guidance and ongoing support. Our Support Team and risk experts are available to help ensure your insurance company’s AML and fraud management programs remain robust and compliant.

Simplify Identity Verification:
The Power of KYC/KYB Tools

Alessa integrates with your insurance company’s onboarding system to verify identities in real-time which means you can complete due diligence in minutes, validate customers faster and protect your organization.

Industries We Serve

An Integrated AML Solution for Insurance Companies

With Alessa, insurance companies can streamline their identity verification and KYC processes, ensuring robust compliance. Alessa’s integrated AML platform advocates a risk-based approach to compliance, simplifying operations with powerful real-time data analysis and automation. This all-encompassing solution automates time-consuming tasks, minimizes false positives, provides daily updates on high-risk clients, and keeps you informed of regulatory changes, enabling insurance companies to efficiently and accurately meet their AML obligations.


Our fraud management solutions provide valuable insights for internal and external fraud detection and prevention.

Integrated AML Software for Insurance Companies

A complete AML compliance solution for insurance companies on one integrated platform. Alessa provides seamless compliance functionality – from the first red flag to the final regulatory report.

A 360° View of
Each Client

Alessa offers a holistic risk profile of clients and highlights customer whose risk scores have surpassed your establishment’s risk threshold in the last 24 hours.

Transaction Monitoring

Alessa's real-time, periodic and event-based transaction monitoring and screening swiftly identifies suspicious fund movements, crucial for insurance fraud prevention and AML compliance.

Watchlist, PEP & Sanctions Screening

Alessa helps to safeguard payment firms from reputational damage by screening against global watchlists efficiently. Our modern screening solution allows you to only pay for the data you utilize and drastically reduces your false positives with our proprietary PEP scoring model.

Risk Scoring

Customizable risk scoring models in Alessa empower your business to prioritize and manage client risks effectively based on your risk appetite and your unique CDD and KYC requirements.

Automated Regulatory Reporting

Automated, accurate reporting by Alessa ensures insurance companies meet regulatory demands with confidence and ease. Alessa auto-populates, validates, and submits regulatory reports, including reports for FinCEN, FINTRAC, and numerous other regulatory environments.

Enhanced Due Diligence (EDD)

Alessa enables insurers to conduct in-depth due diligence assessments, safeguarding against complex fraud schemes.

Case Management

Alessa simplifies case resolution, enhancing your firm’s ability to address compliance issues efficiently throughout the investigative process.

Schedule a Free Demo

Create a more comprehensive client profile for better risk management with Alessa.


Book your complimentary demo of our IDV, CID and KYC solution for insurance companies today.

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Excellent tool for fraud prevention and risk management

I have worked with Alessa for years because of how useful it is to thoroughly analyze transactions and identify suspicious operations

– Jane Doe, Company ABC

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