Insurance

Keep pace with the digital world through compliant and secure customer onboarding.

Insurance

Redefine insurance KYC with AI and data science

As insurance services go online, customers want to buy insurance products and avail of insurance services online. In the absence of in-person verification, insurers must conduct strict KYC to secure themselves from false claims and fraudulent policyholders. IDcentral offers a secure insurance onboarding system that adheres to KYC Registration Agency (KRA) norms under the guidance of IRDAI and SEBI.

The IDcentral Edge

An inclusive onboarding solution

IDcentral provides an easy onboarding solution with a suite of KYC and AML screening APIs that de-risks the entire process.

  • Seamless identity and document checks
  • Leverages AI to extract data from videos and images
  • Enhances the customer experience through faster approvals

The IDcentral Edge

Adheres to KRA compliances

KRA compliance in India is monitored by IRDAI and SEBI. IDcentral empowers insurance companies to adhere to all regulatory norms and avoid identity theft or fraud.

  • Provides eKYC with maximum accuracy
  • Fulfills 100% of KRA compliances
  • Supports paperless video KYC

The IDcentral Edge

AML screening and monitoring

IDcentral’s products notify insurers about any suspicious prospects by comparing these with AML watchlists and scoring financial risk such as whether the prospect is a past defaulter, has a criminal record, or is a politically exposed person.

  • Verifies authenticity of each user real-time
  • Identifies high-risk customers
  • Instant flags suspicious prospects

Onboarding solutions for financial services companies

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Enhancing customer experience

Our solutions offer integrated KYC so that insurers can seamlessly onboard the same customer for any other insurance products.

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Reduced operational costs

Our solution leverages AI to automate remote onboarding for insurance prospects, thereby reducing manual effort, cost, and time.

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Eliminate financial fraud

Our solutions help verify the identity of customers real-time to avoid fraudulent claims & minimize the chances of fraudsters entering the system.