Tag: Insurance Compliance
New York Life partners Norm Ai to scale AI-driven compliance
New York Life has entered into a strategic partnership with artificial intelligence firm Norm Ai to strengthen and modernise its compliance operations.
NYL Ventures began...
AI transforms AML compliance in insurance
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.
AI-driven InsurTech Jones secures $15m Series B for insurance verification innovation
Jones, an InsurTech company revolutionising insurance verification through AI, has secured $15m in a Series B funding round to advance its innovative solutions for the real estate and
US RegTech funding grew by 15% in Q2 driven by deals...
Key US RegTech investment stats in Q2 2024: US RegTech investments grew by 15% as larger deals increase due to increasing regulatory complexity and...
Why CDR matters for London market brokers
The London Market is on the precipice of a digital transformation, and one significant initiative propelling this change is the Core Data Record (CDR) introduced by Lloyds as part of the Lloyd’s Blueprint Two programme. This strategic move aims to standardise and streamline the collection of critical transaction data, marking a pivotal leap in market efficiency. InsurTech Novidea explains why CDR matters for London market brokers.
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