Summary
This case study outlines the customer screening process employed by R+V Insurance to ensure compliance with regulatory requirements. R+V conducts daily checks on approximately 30 million customer and partner data sets against various sanctions and Politically Exposed Persons (PEP) lists. The study details how R+V utilizes ACTICO’s customer screening software to streamline this process, enhancing efficiency and accuracy in data reconciliation. The document describes the challenges faced by insurers in maintaining compliance, such as the need for transparency in customer data and minimizing manual efforts. It also explains the importance of optimizing hit configuration to reduce false positives during data checks. The ACTICO Platform is highlighted as a key technology that supports high application performance and provides a business rules framework for different screening scenarios. The case study concludes with the advantages of using ACTICO’s solutions for R+V, emphasizing their capability to handle high data volumes and integrate multiple checking lists.
