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Management Strategies

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Zurich Picks Detica Risk Management Platform for Life and Pensions

Zurich cited increasing complexity and transaction volume growth in its selection of Detica NetReveal.

Zurich Insurance Company (Zurich) will use London-based Detica's NetReveal financial risk management system for its life and pensions business.

Detica NetReveal offers traditional analytics while working to uncover hidden relationships between people and data that cannot be found using conventional detection systems, the company says in a statement. The platform also provides a single view of customers, partners and suppliers, scoring individuals and behaviors across an organization’s entire portfolio of products and brands, it continues.

“The ever increasing complexity in combination with transaction volume growth requires the support of automated solutions," says Markus Schulz, chief compliance officer for global life and banking and group financial crime officer for Zurich. "It was a logical step to further enhance our platform in our continuous evolution of the financial crime controls framework, and so we opted for a market-leading system to support us in this.”

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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