Regulatory compliance for insurance companies
Insurance companies handle massive volumes of PII data and rely on legacy systems, complicating adaptation to new European regulatory frameworks, especially the DORA (Digital Operational Resilience Act) is Regulation (EU) 2022/2554 on digital operational resilience for the financial sector. It requires EU banks, insurers and investment firms to withstand ICT disruptions and threats, respond to them and recover. It has applied since 17 January 2025.Read more → DORA Regulation on digital operational resilience and Anti-Money Laundering (Anti-money laundering (AML) is the prevention of money laundering and terrorist financing. In Spain, Law 10/2010 requires credit and financial institutions to apply customer due diligence and to report suspicious transactions to SEPBLAC; Regulation (EU) 2024/1624 harmonizes it from July 2027.Read more → AML) requirements.
Three risks an insurer carries today
| Challenge | Risk |
|---|---|
| Legacy Systems (AS400 / Mainframes) | High complexity in integrating new risk monitoring platforms. |
| DORA Compliance | Penalties for prolonged service outages or lack of contingency plans. |
| Fraud and Laundering in Claims | Use of life and investment policies (Unit Linked) to legitimize illicit capital. |
BlueUPALM integrates without rewriting the insurance core
BlueUPALM integrates seamlessly with your Core Insurance systems without the need to rewrite code, using non-intrusive connectors (Change Data Capture) that transform data to standard models like EIAC V06 or FINOS (Fintech Open Source Foundation) is the Linux Foundation umbrella organization that unites financial services to build open technology and standards. It hosts the Common Domain Model (CDM) and the SDLC Controls working group, whose controls ComplianceView integrates alongside NIST, ISO 27001 and DORA.Read more → FINOS.
1. Keep capturing data offline, notify the CSIRT in 2 hours
- Survival Local Spooling: In the event of a connectivity loss, BlueUPALM's connectors store data locally and autonomously resynchronize when the network returns, fulfilling DORA's resilience requirement.
- SLA Alerts: Integrated notifications to your CSIRT for severe incidents in under 2 hours.
2. AML alerts across the full policy lifecycle
- Continuous monitoring of the policy lifecycle (underwriting, extraordinary contributions, early surrenders).
- Generation of early warning indicators specific to the insurance sector.
- Risk segmentation and due diligence in high-savings and investment policies.
3. Zero Trust to link branches and brokerages without VPN
- Cryptographic Protection: Use of mTLS and overlay networks via OpenZiti is NetFoundry's open-source connectivity substrate: X.509 identity, end-to-end encryption and dark services with no inbound ports or public IP. VPN replacement is one of its use cases: identity is authorized before any data path exists. At BlueUP it underpins Zero Trust reachability.Read more → OpenZiti to connect branches and brokerages without relying on unstable and insecure VPNs.
Prepare for 2026
The DORA framework strictly comes into force in January 2025/2026. Learn about your entity's obligations: → DORA 2026 guide
Talk to our team
BlueUPALM automates DORA and AML compliance for insurers on a Zero Trust architecture.