risk - FinTecBuzz

Tookitaki launched Compliance-as-a-Service (CaaS) solution

August 7, 20233 min

Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a–Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimised for cost and efficiency, gives financial institutions (FIs) access to Tookitaki’s flagship compliance solution – the Anti Money Laundering Suite (AMLS) on a secure, self-service platform. Tookitaki’s AMLS is trusted by leading universal banks such as UOB, regional banks, digital-only banks, e-wallets, and payment companies, including global front-runners like Tencent. The...

by BusinessWire

Insurance

Digital Underwriting Top List of Investment Priorities for Insurers

June 24, 20225 min

New research shows an increased focus on risk management strategies and solutions

by PRNewswire

Insurance

Intact Insurance Group USA LLC to Acquire Highland Insurance Solutions

June 20, 20223 min

Intact Insurance Group USA LLC (Intact), doing business under the brand name Intact Insurance Specialty Solutions, announced today that it has entered into a definitive agreement to acquire Highland Insurance Solutions (“Highland”), the U.S. construction division of Tokio Marine Highland (TMH), from Tokio Marine Kiln (TMK). Highland is a managing general agent specializing in the builders risk segment of the construction market, and will expand Intact’s portfolio of owned distribution assets. The transaction is expected to close...

by BusinessWire

Insurance

AM Best Affirms Credit Ratings of Sooner Insurance Company

February 7, 20226 min

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner’s balance sheet strength is underpinned by its risk-adjusted capitalization...

by PRNewswire

Risk Management

Risk Management & Compliance leader broadens solutions’ portfolio

August 4, 20205 min

Allgress, an industry-leading provider of Integrated Risk and Compliance Management solutions, today announced it has broadened its award-winning solutions portfolio to significantly reduce the time to achieve and maintain FedRAMP ATO. The Federal Risk and Authorization Management Program (FedRAMP) is a Government-wide program with the goal of a standardized reusable approach to pre-authorization security assessment, authorization, and continuous monitoring for Cloud Services Providers (CSP). While the program has streamlined the process since its introduction, there...