CoVi Analytics allows the offer “Compliance as a Service”, using AI to help insurers reducing their compliance costs as well as accelerating their decisions making

Country: UK

Year: 2015

Concept

  • CoVi Analytics provides three systems to reduce compliance costs
  • CMILE is a computer program that gathers fragmented regulations, like insurance regulation Solvency II
  • Users can develop basic practices for the management of compliance
  • CORE is a computer program that is still under development. It aims to automate repetitive and manual tasks related to compliance
  • K-BASE is an online repository with information or advice on compliance issues

Consumer Benefits

  • Facilitated regulatory: through the CMILE programme
  • Time saving: when looking for complex information on insurance regulation
  • Fast and efficient management: simplified management means quicker processes and thus a productivity gain for compliance
  • Accelerated processes: via automation in the future CORE programme

How To Use

  • For the moment, CMILE is a Beta programme
  • The user can request the Beta programme and test it by registering their basics information on the CoVi Analytics website