Clear Horizon Discuss your requirements

Insurance and reinsurance

KYC and AML support for insurance and reinsurance businesses in the UAE

Insurers, reinsurers, MGAs, coverholders and brokers work with a range of counterparties across insurance placements and delegated arrangements. Clear Horizon supports the preparation and review of corporate KYC files, beneficial ownership analysis, sanctions and PEP screening, and related due diligence work within an agreed scope. Regulated decisions and approvals remain with the client’s authorised personnel.

Discuss your KYC requirements

Who this is for

  • Insurance and reinsurance companies
  • MGAs and coverholders acting under delegated authority
  • Insurance and reinsurance brokers
  • Onboarding, legal and compliance teams handling counterparty files

Where the work arises

  • Counterparty onboarding

    Supporting the identification and verification of cedants, reinsurers, brokers and other counterparties, including ownership structures, beneficial owners and authorised representatives.

  • Placement chains

    In multi-party insurance and reinsurance placements, relevant information may be held by different participants. We help organise counterparty information and identify documentation gaps.

    Beneficial ownership through the placement chain

  • Delegated authority

    Reviewing the corporate file of an MGA or coverholder and documenting the allocation of relevant due diligence responsibilities under the binding authority arrangement, where applicable.

    Delegated underwriting authority: KYC for MGAs, coverholders and insureds

  • Sanctions and PEP checks

    Supporting sanctions screening, PEP checks and the identification of matters requiring further review at relevant stages of the relationship or transaction, according to applicable requirements and the client's procedures.

    Sanctions checkpoints through the placement lifecycle

  • Backlogs and periodic reviews

    Reviewing incomplete or outdated KYC files against the client's requirements, identifying gaps and preparing updates for client review.

  • Framework changes

    Identifying outdated regulatory references in AML/KYC policies and templates, including changes introduced by the 2025 UAE framework, and preparing proposed updates for client consideration.

    The 2025 instruments and the insurance perimeter

What the support covers

  • Development of AML/CFT policies and risk assessment methodologies.
  • Preparation and updating of KYC, CDD and EDD files, including ownership structure analysis and identification of potential UBOs.
  • Screening against sanctions lists, PEP databases and adverse media, with results prepared for the client's review.
  • Quality review of KYC files and support with complex KYC reviews, including analysis of requests and preparation of documents and explanations.
  • Research and preparation of due diligence materials on customers and counterparties.

See all five areas of support

How an engagement runs

  1. Initial discussion

    You outline the requirement.

  2. Agreed scope

    We set out the support, the output and the timeline.

  3. Review and preparation

    We work through the agreed materials.

  4. Client review

    Your authorised personnel take all decisions.

Read how we work

Examples of work

Selected anonymised examples of work undertaken by the practice. In every example, all substantive decisions were taken by the client’s authorised personnel.

  • Roles across a placement chain

    A multi-party insurance placement documented across placement records and correspondence. We mapped the parties and their respective functions and prepared questions to clarify the scope of the review, enabling the client's authorised personnel to confirm which participant was responsible for each remaining step and close the gaps identified.

  • Ownership structure and beneficial ownership

    A corporate client owned through intermediate legal entities. We traced the ownership and control chain to the ultimate beneficial owner and organised the supporting corporate and identity records, enabling the client to confirm the beneficial owner and finalise the file.

What stays with you

We provide advisory, analytical, administrative and coordination support. Roles that must be held by your own authorised personnel remain with them, and all approvals and regulated decisions are theirs.

Discuss your requirements

Send us a short outline of what you need and we will come back to you.

Contact us