GRC for Insurance

Insurance GRC, underwritten by evidence

Run cyber, operational, and compliance programs across CBUAE, SAMA, IRDAI, NAIC, EIOPA, ISO 27001, and SOC 2 with multi-entity, multi-product coverage.

Compliance postureLive
Control coverage
94%
Open risks
7
Evidence items
1,284
Audit findings
2
Implemented94%
In progress58%
Evidence freshness82%
  • Coverage by regulator and product line
  • Open inspections, findings, and CAPAs
  • Vendor and outsourcing risk concentration
01The problem

Compliance pressures in insurance

Insurers face supervisory cyber requirements, fast InsurTech partners, and rising fraud and privacy scrutiny across claims and underwriting.

  • Manual compliance: supervisory reviews driven by emails and PDFs
  • Spreadsheet dependency: cyber risk and control inventory in Excel
  • Audit fatigue: internal, external, and regulator audits overlapping
  • Evidence gaps: missing control proof at supervisor review
  • Fragmented risk visibility: cyber, ops, and fraud risk in silos
  • Poor board reporting: cyber risk not tied to underwriting and claims
  • Vendor risk blind spots: brokers, MGAs, and InsurTech partners under-monitored
02The approach

Built for carriers and InsurTech

Waaqi gives insurers a single supervisor-ready GRC platform that connects cyber, operational, and privacy controls.

01

Insurance-aligned libraries

NAIC, EIOPA, CBUAE, SAMA, and IRDAI cyber and operational controls.

02

Partner oversight

Manage brokers, reinsurers, MGAs, and InsurTech partners with consistent diligence.

03

Underwriting context

Frame risk reporting in the language of policy, claims, and capital.

03Capabilities

What you get inside Waaqi

Every module works from one control library, one evidence store, and one risk register.

Regulator Libraries

CBUAE, SAMA, IRDAI, NAIC, EIOPA cyber controls pre-mapped.

Risk Management

Cyber, operational, and fraud risk in one register with treatment plans.

Incident & Breach

Workflow for regulator notifications and customer communications.

Policy & Standards

Insurance policies and standards with attestations and reviews.

Continuous Monitoring

Real-time control drift across claims, underwriting, and IT.

Board Reporting

Reporting tailored for boards, audit, and risk committees.

Third-Party & Outsourcing

Broker, reinsurer, MGA, and InsurTech oversight.

Audit Universe

Internal audit aligned to IIA, supervisor expectations, and ISO.

04Workflow

From control definition to audit-ready evidence

Each step is owned, dated, and traceable, so nothing depends on a spreadsheet or a single person.

  1. Step 1

    Define scope

    Set entities, products, and applicable regulators.

  2. Step 2

    Operate controls

    Run cyber, ops, and privacy controls with owners and SLAs.

  3. Step 3

    Monitor

    Continuous monitoring plus scenario testing for critical operations.

  4. Step 4

    Report

    Generate supervisor submissions and committee reports on demand.

05Audit readiness

Supervisor audits, painlessly

Hand supervisors and auditors a complete picture of cyber, operational, and privacy controls with evidence trails.

  • Supervisor submissions on demand
  • Operational resilience evidence and tests
  • Incident registers with regulator notifications
  • Outsourcing and broker oversight records
  • Audit committee reporting packs
06For leadership

Board level answers without a fire drill

Boards, CISOs, and risk committees get the same numbers the compliance team works from.

Supervisor confidence

Documented, continuous controls reduce enforcement and remediation risk.

Lower cost of compliance

One control library covers many regulators across many entities.

Underwriting clarity

Tie cyber and operational risk into pricing, capital, and product decisions.

07FAQ

Questions we get asked

Which insurance regulators does Waaqi support?

Waaqi supports programs aligned to CBUAE Insurance Authority, SAMA, IRDAI, NAIC Model Law, EIOPA, BMA, and other national supervisors, alongside ISO 27001 and SOC 2.

Does Waaqi cover insurance-specific cyber requirements?

Yes. Waaqi includes pre-built controls for insurance cyber expectations including model law security and supervisory guidance.

Can Waaqi handle reinsurance and broker partners?

Yes. Third-party risk modules cover brokers, reinsurers, MGAs, and InsurTech partners with ongoing oversight.

Does Waaqi support claims and underwriting risk control?

Waaqi manages the control, evidence, and audit side of operational risk in claims and underwriting alongside cyber and privacy.

Operationalize insurance GRC

See how Waaqi runs cyber, ops, and privacy compliance for insurers.