Tag: financial crime
Life insurers’ AML blind spots leave door open to launderers
Banks have long borne the brunt of regulatory scrutiny over anti-money laundering (AML) controls, but life insurers handling large premiums are increasingly attracting the...
Why underwriting data holds the key to spotting AML risk
Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...
Quantexa heads global InsurTech deal rankings in 2025 as funding declined...
Key global InsurTech investment stats in 2025:
Global InsurTech funding declined by 20% YoY
US firms secured six of the top 10 InsurTech deals...
Why insurers must modernise AML with AI now
In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.
