AI-powered compliance solutions: Cytora and Dow Jones join forces for insurers

This collaboration aims to enhance digital risk processing by incorporating data related to sanctions and regulatory requirements from Dow Jones.

The central aspect of this collaboration involves the integration of Dow Jones’ Risk & Compliance APIs into Cytora’s platform. This integration is intended to empower insurers to carry out sanctions screenings and meet regulatory obligations more seamlessly and effectively. Cytora, known as a digital risk processing platform, and Dow Jones Risk & Compliance have come together to enable insurers to enhance their compliance risk management by utilising AI-driven workflows.

Dow Jones’ Risk & Compliance APIs provide a range of data and analytical capabilities, including screenings for sanctions, watchlists, identification of politically exposed persons (PEPs), and scrutiny of adverse media. Insurance underwriters can utilise these capabilities to navigate compliance risk and adhere to regulatory requirements.

Through this partnership, insurers can integrate Dow Jones’ Risk & Compliance APIs into Cytora’s risk digitisation platform, which is widely recognised in the industry. This integration aims to streamline the compliance process and enhance insurers’ overall risk management capabilities.

Additionally, this collaboration adds to the network of data and insight providers seamlessly integrated into the Cytora platform. This comprehensive integration aims to provide insurers with a more comprehensive perspective on risk, assisting in making well-informed decisions.

Juan de Castro, the chief operating officer at Cytora, commented: “Given the increasing complexity of regulatory requirements, insurers require an efficient method for managing compliance risk. Incorporating Dow Jones Risk & Compliance APIs into our platform equips insurers to conduct sanctions checks and fulfil regulatory requirements more easily and efficiently, ultimately advancing their overall risk management practices.”