Insurance

You manage risk for a living. Now manage your own with the same rigor.

Operlity gives insurance organizations a unified GRC platform to manage operational and cyber risk, meet insurance-specific regulatory obligations, govern third party relationships, and maintain the compliance posture that regulators, rating agencies, and policyholders expect.

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The industry challenge

In the business of managing risk — but managing your own is increasingly complex.

Insurance organizations face overlapping regulatory requirements from insurance commissioners, prudential regulators, and data protection authorities — while underwriting, claims, and investment risk all evolve in parallel.

Regulatory intensity across jurisdictions

Insurance regulation is jurisdiction-specific, with insurers operating across multiple markets facing overlapping and sometimes conflicting requirements from insurance commissioners, prudential regulators, and data protection authorities.

Operational risk complexity

Managing underwriting risk, claims processing risk, investment risk, and operational risk across complex, distributed organizations with no unified view.

Policyholder data protection

Handling sensitive personal, health, and financial data for millions of policyholders creates significant data protection obligations and reputational exposure.

Third party and distribution risk

Extensive reliance on brokers, agents, managing general agents, reinsurers, and technology vendors creates a broad third party risk surface that is difficult to govern consistently.

Cyber risk and digital transformation

Insurtech adoption, digital distribution channels, and cloud migration expanding the attack surface while traditional risk management approaches struggle to keep pace.

Actuarial and model risk

Increasing use of AI and predictive models in underwriting and claims creates new model risk governance obligations that most GRC programs are not yet structured to meet.

Regulations you need to meet

A demanding, jurisdiction-specific regulatory landscape.

Solvency II — EU prudential regulatory framework governing capital requirements, risk management, and governance for insurance undertakings.
NAIC Model Laws — US insurance regulatory framework covering data security, privacy, and corporate governance requirements.
ISO 27001 — information security management standard increasingly required by reinsurers, enterprise clients, and insurance regulators.
GDPR / DPDPA / PDPL — data protection regulations governing policyholder personal data across Europe, India, and the Middle East.
HIPAA — applicable to health insurers and managed care organizations handling protected health information.
Local Insurance Authority Regulations — jurisdiction-specific requirements from insurance regulators including IRDAI, SAMA, UAE IA, FCA, and others.

How Operlity helps

Manage regulatory complexity. Govern operational and cyber risk. Maintain the compliance posture regulators expect.

Multi-framework compliance management — track compliance across Solvency II, ISO 27001, GDPR, DPDPA, HIPAA, and local insurance regulations simultaneously from a single platform.
Operational and cyber risk management — maintain a structured risk register covering underwriting risk, operational risk, cyber risk, and model risk with consistent assessment methodology and treatment tracking.
Policyholder data protection — govern policyholder personal and health data with classification, access controls, retention policies, and privacy compliance programs that meet data protection regulatory requirements.
Third party risk governance — manage the risk of brokers, agents, reinsurers, and technology vendors with structured due diligence, periodic assessments, and contract oversight.
Business continuity and resilience — build, test, and maintain BC/DR plans for critical insurance operations — claims processing, policy administration, and investment management — with drill management and incident response workflows.
Audit and regulatory examination readiness — run internal audit programs and manage evidence requests for external audits and regulatory examinations with structured workpaper management and finding tracking.

Key features for insurance

The capabilities insurance teams rely on.

Feature	Description
Multi-Framework Compliance Tracking	Simultaneous compliance management across Solvency II, ISO 27001, GDPR, DPDPA, HIPAA, and local insurance regulations
Operational & Cyber Risk Register	Structured risk management covering underwriting, operational, cyber, and model risk categories
Policyholder Data Governance	Unified data classification, access controls, and retention policies for sensitive policyholder data
Third Party Risk Management	Full lifecycle governance of brokers, agents, reinsurers, and technology vendors
Business Continuity & Resilience	BC/DR planning, drill management, and incident response for critical insurance operations
Audit & Examination Readiness	Structured audit management with evidence collection and finding tracking for regulatory examinations

Why Operlity for insurance

What makes this different.

Regulatory complexity without the overhead

Insurance organizations rarely answer to just one regulatory framework; Operlity's multi-framework architecture means compliance work done for Solvency II contributes to ISO 27001 and GDPR — reducing duplication and freeing your team to focus on governance, not administration.

Model and AI risk governance built in

As insurers increasingly rely on AI and predictive models in underwriting and claims, Operlity's AI governance capability provides the structured inventory, risk assessment, and compliance tracking that emerging model risk regulations require.

From policyholder data to operational resilience

Operlity covers the full spectrum of insurance GRC needs in a single platform — data protection, operational risk, third party governance, audit management, and business continuity — without stitching together multiple point solutions.