Verifying the identity of policyholders is a critical responsibility for every insurance provider, but traditional KYC processes are often slow, manual, and error-prone. These inefficiencies don’t just frustrate customers; they drive up onboarding costs, delay claims processing, and introduce unnecessary compliance risk.
Today, that’s changing. A new generation of digital KYC tools is helping insurers verify policyholders faster, more accurately, and with fewer touchpoints. By combining bank-verified data, document automation, and AML compliance checks, these solutions streamline everything from onboarding to renewals.
In this guide, we’ve shortlisted 5 KYC tools built specifically for the insurance sector. Each one supports:
- Real-time identity and account verification
- Document and biometric authentication
- Automated compliance with AML and PEP regulations
If your team is aiming to reduce fraud, speed up onboarding, or stay ahead of regulatory expectations, these platforms are worth a closer look.
1. Finexer
Use Case Fit for Insurers
Finexer is a purpose-built solution that helps insurance companies verify policyholders quickly using real-time data from banks and identity documents. It removes the manual friction from KYC workflows by combining name validation, document extraction, and facial recognition into a single automated process.
Whether you’re onboarding new customers or processing claims, Finexer supports high-assurance policyholder identity verification without chasing PDFs or relying on self-declared details.
Verification Features
- Bank-grade identity checks matched against live financial institution data
- Document data extraction from passports and driving licences
- Facial recognition with real-time similarity scoring
- Cash flow insights, including transaction volume and account balance
- Configurable workflows to support various insurance product types
AML & Compliance Support
- Secure Open Banking access with full consent tracking
- Real-time Source of Funds and affordability checks
- Comprehensive audit logs and verification history
- Compliant with AML, PEP screening, and digital KYC for insurance standards
Insurance Market Visibility
Finexer is used by UK-based insurance companies and claims teams to verify policyholders at speed. Its white-labelled verification flow enables instant onboarding, documentless reviews, and automated fraud checks, all within a KYC framework designed specifically for regulated industries.
Integration & Deployment
- Developer-first APIs with Clean SDK’s
- Fully white-labelled user journey tailored for insurance
- Prebuilt verification templates for onboarding and claims processing
- 3–5 weeks of hands-on onboarding support
- Deploys up to 2–3x faster than traditional KYC software for insurance companies
Why It’s Worth Considering
Finexer allows insurers to verify policyholders securely through a single, automated flow that blends facial recognition, document matching, and live bank data, all optimised for insurance onboarding and compliance.
“Finexer is easy to work with and flexible in their approach, providing the bespoke services we required alongside a viable commercial package. Finexer has proven to be more than a provider, they’re a trusted partner who understands our vision and helps us achieve it,”
David Kern, CEO of VirtualSignature-ID.
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Try Now2. Signicat
Use Case Fit for Insurers
Signicat is a digital identity provider trusted across Europe, including the UK, for high-assurance onboarding, identity verification, and regulatory compliance. For insurance companies, it offers powerful orchestration tools to verify policyholders across multiple data sources, ideal for both initial onboarding and claims-related due diligence.
Its strength lies in connecting identity documents, behavioural risk signals, and optional Open Banking data into a seamless KYC process tailored for regulated financial services.
Verification Features
- Digital ID verification with document and eID support
- Behavioural profiling to flag unusual access or fraud risks
- Device fingerprinting and geolocation matching
- Customisable verification flows for onboarding, claims, and mid-term reviews
- Pre-integrated Open Banking modules for affordability and income checks
AML & Compliance Support
- Real-time sanctions and PEP screening
- Consent capture and full audit trail visibility
- AML-compliant verification flows adaptable by region and product type
- Designed to meet FCA, UKDIATF, and EU AML standards
Insurance Market Visibility
Signicat is used by UK insurers, MGAs, and financial service providers to verify policyholders at scale. Its orchestration layer enables insurers to adjust verification based on product type, geography, or client risk, reducing manual reviews while staying fully compliant.
Integration & Deployment
- RESTful APIs with an orchestration dashboard
- Modular plug-and-play integrations with 50+ ID, fraud, and risk data sources
- Support for multi-region deployments
- Can be embedded into existing claims, CRM, or onboarding workflows
Why It’s Worth Considering
Signicat helps insurers verify policyholders with maximum flexibility, combining digital ID checks, risk signals, and Open Banking data into a single flow. Its orchestration engine is built for regulated industries, making it ideal for compliance-led insurers.
3. Veriff
Policyholder Verification Fit
Veriff helps insurance companies verify policyholders through AI-powered identity verification. Its mobile-first design and biometric accuracy make it ideal for insurers handling digital onboarding, claim validation, or fraud-sensitive policy lines such as auto, cyber, or life insurance.
Veriff supports instant remote identity confirmation without requiring manual reviews, helping insurers reduce onboarding time and compliance risk.
Key Identity Verification Features
- Government-issued ID checks across 190+ countries
- Biometric facial recognition with real-time liveness detection
- AI-based fraud detection and spoof prevention
- Custom verification flows for different policy types or customer risk levels
- Support for both onboarding and authentication use cases
AML & Sanctions Compliance
- Optional AML screening and watchlist checks
- Politically Exposed Persons (PEP) database monitoring
- Secure consent handling with full audit trail
- Configurable KYC workflows for FCA-regulated insurers
Industry Recognition and Adoption
Veriff is certified under the UK’s Digital Identity and Attributes Trust Framework (UKDIATF), indicating high standards of compliance and security. It is increasingly adopted by regulated UK companies and has growing visibility in sectors requiring strict identity assurance.
Deployment Model
- RESTful APIs and mobile-first SDKs
- Dashboard for KYC decisioning, manual review, and audit access
- Prebuilt UX flows with brand customisation
- Easily integrates with underwriting or policy admin systems
Why It’s Worth Considering
Veriff allows insurance companies to verify policyholders in seconds using biometric security and AI-driven identity verification, ideal for teams focused on fast, compliant digital journeys.
4. KYC360
Use Case Fit for Insurers
KYC360 is an end-to-end compliance and KYC platform tailored to regulated sectors like insurance. It enables insurers to verify policyholders efficiently by centralising onboarding, identity checks, and ongoing due diligence in a single interface.
This makes it a solid fit for underwriters, brokers, and claims departments that need to validate customer identity, source of funds, and risk level, without manual admin or disconnected tools.
Verification Features
- Identity document validation with digital capture
- Policyholder screening against sanctions and PEP databases
- Ongoing customer due diligence (CDD) tracking
- Automated risk profiling for policy eligibility and fraud mitigation
- Intelligent reminders for insurance compliance reviews
AML & Compliance Support
- Built-in audit logs and timeline tracking
- Multi-level screening (onboarding, periodic, event-driven)
- Compliant with UK and EU insurance KYC regulations
- Supports GDPR and consent management for personal data
Insurance Market Visibility
KYC360 is used by insurance providers across the UK, particularly in life, health, and travel segments. Its drag-and-drop workflow engine allows firms to verify policyholders while reducing onboarding delays and minimising regulatory gaps.
Integration & Deployment
- API-ready workflows with no-code setup options
- Customisable onboarding forms for insurance applicants
- Real-time dashboards for compliance officers
- Enterprise-grade deployment for mid-sized and large insurers
Why It’s Worth Considering
KYC360 empowers insurance firms to verify policyholders with a complete compliance toolkit, combining risk screening, identity checks, and automation into a single flow designed to reduce friction and meet regulatory expectations.
5. FullCircl
Use Case Fit for Insurers
FullCircl focuses on helping insurers build faster, more accurate customer risk profiles during the onboarding and underwriting process. While it’s not limited to the insurance sector, its customer lifecycle intelligence tools are widely adopted by UK insurers to verify policyholders, assess risk, and stay compliant.
It’s especially well-suited for commercial and SME insurance use cases where company data enrichment, ID checks, and real-time insights matter.
Verification Features
- Company and director-level KYC with corporate data sources
- Identity verification and business due diligence
- Client risk scoring based on firmographic and financial metrics
- Integrated Open Banking and credit data feeds
- Smart triggers for renewals, claims, or flagged events
AML & Compliance Support
- Automated workflows to meet FCA-regulated standards
- Monitoring tools for customer lifecycle compliance
- Adverse media screening and business monitoring
- Alignment with UK insurance KYC obligations
Insurance Market Visibility
FullCircl is used by leading UK insurers, brokers, and underwriting platforms. It’s recognised for simplifying onboarding in commercial insurance and providing enriched KYC insights that go beyond basic ID checks.
Integration & Deployment
- Developer-ready APIs with clear documentation
- Web-based dashboard with exportable insights
- Integrates with CRMs and policy admin systems
- Real-time alerts and workflow customisation
Why It’s Worth Considering
FullCircl enables insurers to verify policyholders and commercial clients more intelligently, blending identity, business data, and risk signals into a unified onboarding experience built for today’s insurance workflows.
What is Digital KYC in Insurance?
Digital KYC verifies identity online using biometrics and document checks, replacing manual processes to speed up onboarding and improve compliance.
How Does Digital KYC Help Prevent Insurance Fraud?
It detects fake documents, verifies biometrics, and flags risky data, helping insurers stop fraud before claims are paid out.
What Are the FCA Requirements for KYC in UK Insurance?
Insurers must comply with FCA, GDPR, and AML laws, using secure KYC systems that offer audit trails and meet reliability standards.
What Technologies Power Digital KYC for Insurance?
Tools use OCR, facial recognition, liveness checks, and APIs to verify identity and detect fraud in real time.
Simplify Your Insurance KYC Workflows, Finexer’s KYC tools help insurers verify policyholders instantly