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Thousands of brokers reviewed — in minutes instead of weeks
Fulfill IDD and AML requirements automatically. Verify brokers, intermediaries, and employees in seconds rather than weeks — without the paperwork.
Made in Europe
100% Data Protection Compliant
Ready to use immediately
Reviewed by banks, insurers, consultancies, PE/VC firms, tech companies, and critical infrastructure operators across the DACH region
Internal Security & Anti-Fraud
Protect sensitive data and financial flows by conducting pre-employment screenings for employees in key positions (claims management, IT, finance).
Reliability Check According to § 34d GewO
Automate the regular review of your tied agents and brokers. No more manual requests for certificates of conduct.
Background Checks for Insurance Companies involve the systematic review of executives, distribution partners (brokers, agents, multiple agents), and employees in key positions. In Germany and the EU, Solvency II, the Insurance Distribution Directive (IDD), the GwG, and national supervisory requirements regulate the obligations for reliability checks and Fit & Proper assessments. Indicium is Europe's leading AI platform for automated compliance screenings — GDPR-compliant, Made in Europe, scalable for thousands of intermediaries.
Compliance in the Insurance Industry
Insurance companies face growing regulatory requirements: Solvency II, IDD (Insurance Distribution Directive), and national supervisory requirements demand systematic reviews of executives, distribution partners, and key personnel.
Distribution through brokers, agents, and multiple agents presents unique challenges: How do you ensure that each intermediary meets the reliability and qualification requirements across hundreds or thousands of distribution partners?
Indicium for Insurance Companies
Intermediary Check: Automated review of brokers, agents, and multiple agents for reliability, IHK registration, and qualification proofs
Fit & Proper for Executives: Suitability assessment according to supervisory requirements for board members, managers, and key function holders
Sanctions and PEP Screening: Ongoing alignment against international sanctions lists and PEP databases — automatically, not just once
Minimizing Fraud Risk: Background checks of service providers and partners to prevent insurance fraud
Audit Trail for Auditors: Seamless documentation of all review steps — exportable for supervisory authorities and auditors
How It Works
Create Review Profile — Define the scope of review depending on the role: executive, distribution partner, or service provider.
Automated Review — Indicium searches relevant registers, databases, and public sources in minutes.
Report with Actionable Recommendations — Structured report with risk assessment and specific next steps.
Result
Insurance companies using Indicium create a systematic and scalable review process for their entire distribution network and leadership level. The result: reduced regulatory risk, more efficient compliance processes, and certainty that every partner and leader meets the requirements.
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Frequently Asked Questions
What reliability checks are legally required for insurance intermediaries?
According to § 34d GewO and the Insurance Distribution Directive (IDD), insurance companies must regularly verify the reliability and professional suitability of their tied intermediaries, brokers, and multiple agents. This includes checking IHK registration, criminal record certificates, and qualification proofs. Indicium automates these recurring checks for hundreds or thousands of distribution partners.
How does Indicium help meet Solvency II requirements?
Solvency II requires insurance companies to ensure that individuals in key functions (Key Function Holders) are professionally qualified and personally reliable (Fit & Proper). Indicium automates these suitability assessments for board members, managers, responsible actuaries, and other key function holders. The audit-proof documentation is always exportable for supervisory authorities and auditors.
How can insurance companies reduce fraud risks through Background Checks?
Insurance fraud causes estimated damages of over 5 billion euros annually in Germany. Through pre-employment screenings for employees in key positions (claims settlement, IT, finance) and background checks of service providers and partners, internal fraud risk can be significantly reduced. Indicium automatically checks against sanctions lists, adverse media sources, and insolvency databases.
What distinguishes intermediary checks at Indicium from manual processes?
Manual intermediary checks require the individual request for criminal records, verification of IHK registrations, and matching against sanctions lists — a massive effort with thousands of intermediaries. Indicium automates this process completely: checks are conducted in minutes, results are summarized in a standardized report, and regular follow-ups run automatically in the background.
Is Indicium GDPR-compliant for processing intermediary data?
Yes. Indicium was developed from the ground up as a GDPR-compliant system for the European market. All data is stored exclusively in the EU. The integrated consent management ensures that intermediaries and employees are transparently informed about the review and can give their consent digitally. Processing is based on European legal principles — without data transfers to third countries.
