Overview

Property and Casualty (P&C) insurance companies require to be compliant with a broad range of regulatory requirements. Not only do they have to deal with national and state level regulators in the geographies they operate in, they also have to ensure that they abide by the laws related to employee safety, payroll, information privacy, etc as well as laws specific to motor traffic codes, property owners etc. Court decisions and case law relevant to P&C also need to be monitored to ensure compliance. Implementing compliance in all these areas and ensuring that they are sustained effectively are challenges facing P&C insurance companies today.

NIIT Technologies provides end-to-end solutions for P&C insurance companies by providing internal controls at the process, transaction or application level as well as incorporating audit trails in all financial systems.

Offerings

NIIT Technologies has the expertise in providing automated and enterprise-wide Anti-Money laundering solutions that reduce business risk by providing appropriate alerts to the business in case money laundering is targeted by any of its customers.

NIIT Technologies has implemented SSN Remediation, Data Depersonalisation and Basel II compliance for large financial companies. We have also supported our customers in meeting their OFAC and AML reporting requirements.

Business Benefits

• Compliance with all regulatory norms
• Data protection from both internal and external threats
• Improved risk management
• Increased transparency, better availability of information