Insurers need to understand more relationships than the policyholder alone, including corporate customers, intermediaries, distribution partners and suppliers. IQON provides one process for KYC, ownership, screening, monitoring and evidence across all of them.
Screening and review
Review due in 3 weeks
Individuals and corporate customers under one consistent standard.
Company data, ownership and control behind commercial policyholders.
Ownership and control behind corporate customers, identified and maintained using available data and workflow.
Screening across customers, connected persons and partners.
Assessed alongside the list checks rather than separately.
Change detection across the relationships already on your books.
Brokers, agents and distribution partners reviewed on the same basis.
Suppliers and service providers screened, monitored and evidenced.
Requested from the counterparty directly, chased and filed.
Internal sign-off as a recorded step with a named decision-maker.
What was known, what changed, what followed and who decided.
A risk level per relationship that can be explained and reviewed.
Customer risk assessment
Current relationship
IQON evaluates the factors relevant to the relationship, shows what is driving the classification and keeps the result connected to the compliance process.
When material information changes, affected factors can be reassessed and the updated classification can trigger the review, enhanced due diligence or follow up required for the customer, intermediary or other third party.
Policy administration, underwriting and claims systems handle the insurance business. IQON handles due diligence, follow-up and evidence for customers, intermediaries, suppliers and other third parties. It complements the systems you already use without replacing them.
IQON connects screening and KYC with the onboarding, approvals and follow-up required across customers, intermediaries and other third parties.
Collect information, declarations, documents and verification from customers and other participants in one coordinated process.
Route reviews, approvals, information requests and follow-up to the people responsible for them.
Screen, assess and monitor customers, intermediaries and connected persons, with the resulting evidence kept against the relationship.
Assess customer and relationship risk using explainable factors, regulatory requirements and company policy, with relevant changes feeding reassessment and follow up.