TDIS Streamlines Marine Cargo Insurance Compliance with FinScan
- FinScan
- 4 days ago
- 3 min read
Thrymr Digital Insurance Solutions (TDIS) is a Germany-based InsurTech platform built to modernize the marine cargo insurance industry. By bringing insurers, underwriters, brokers, and their clients/policy holders together on a single digital platform, TDIS automates certificate generation, facilitates secure data exchange via blockchain, and drastically reduces processing times from days to minutes. To ensure these transactions remain fully compliant with global regulations and sanctions requirements, TDIS integrated FinScan into its platform in 2021 to offer users advanced, configurable screening and monitoring of policyholders, beneficiaries, notified parties, vessels, and more.
Challenges & Goals
From inefficiency to a quest for compliance confidence
Marine cargo insurance transactions involve a complex web of parties including insurers, brokers, policyholders, traders, banks, and shipping companies. Each carries compliance risks that must be screened against global sanctions lists, local laws, and policy rules.
Previously, brokers manually issued certificates and handled compliance checks—a slow, error-prone process. TDIS had several objectives for its platform’s compliance screening component:
Ensuring certificates could only be issued after thorough screening of policyholders, beneficiaries, banks, and even vessels.
Meeting diverse regulatory requirements across multiple jurisdictions, each with its own lists and sanctions rules.
Providing clients with a seamless, fully digital process without sacrificing accuracy.
As TDIS CEO Thorben Wittig explained, “In marine cargo insurance, time is money. But every shortcut raises compliance risks. We needed a way to cut processing time without compromising integrity.”
The Solution
Embedding FinScan for always-on compliance screening
TDIS integrated FinScan’s name screening API directly into its cloud-based platform. Now, when a policyholder or broker creates a certificate, the system automatically screens all relevant parties in real time against configurable sanctions lists across the US (OFAC), EU, UK, Belgium, France, and more.
Key FinScan features include automated screening workflows, ensuring that certificates cannot be generated until all parties have passed FinScan’s checks. It also provides a high degree of flexibility, allowing brokers to easily select and configure which sanctions lists to screen against and extend coverage with additional lists managed and updated by FinScan as needed. To strengthen compliance, FinScan allows TDIS to offer continuous monitoring, with policyholders screened around the clock while other parties, such as banks or notified recipients, are checked on demand. Finally, the solution delivers seamless integration, so the entire process is embedded within the TDIS platform. End-users only the final results and approvals.
“The integration of FinScan is invisible to our users,” said Wittig. “Everything runs seamlessly in the background, so the only time anyone needs to take action is when there’s a true hit.”
Results & Impacts
“FinScan’s integration and screening just works. That’s the ultimate compliment for compliance technology—silent, efficient, and always dependable.” ~ Thorben Wittig, CEO, Thrymr Digital Insurance Solutions
Fully-automated compliance as a competitive advantage
The integration of FinScan has transformed the way TDIS delivers marine cargo insurance certificates, turning compliance from a bottleneck into a competitive differentiator. By embedding automated compliance screening directly into the certificate issuance process, TDIS eliminated the delays of manual checks while ensuring every transaction meets the highest standards of regulatory scrutiny. What once took days to approve through broker-led processes now happens in minutes—without compromising compliance integrity.
The FinScan integration has significantly improved TDIS’s platform and client experience by offering:
Faster processing: Automated checks reduced certificate issuance from days to minutes.
Regulatory confidence: Comprehensive sanctions coverage reassures brokers and insurers that all parties are vetted before trade activities.
Platform credibility: Having FinScan embedded has helped TDIS secure new clients.
Operational stability: The system has proven reliable, flexible, and easily configurable, with positive client feedback and responsive support when needed.
Those clients who opt-in to FinScan for compliance screening benefit from a trusted, industry-leading compliance safeguard.
As Wittig noted, “FinScan’s integration and screening just works. That’s the ultimate compliment for compliance technology—silent, efficient, and always dependable.”
