# Albany Group

> Third\-party relationship and compliance management software for the insurance and financial services sector

## At a glance

| Field | Value |
| --- | --- |
| Category | Compliance & Regulatory |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | London, England |
| Founded | 2007 |
| Stage | Established |
| Employees | 51-200 |
| Funding | Bootstrapped |

## Overview

Albany Group is a UK-based compliance and risk technology company providing supply chain management software for insurers, managing agents, and financial services firms. Founded in 2007 by Stewart Griffiths and Adam Richards, both former Royal Marines, the company specialises in regulatory compliance, third-party relationship management, and KYB (Know Your Business) automation for the Lloyd's of London market and broader P&C commercial and specialty insurance sectors.

The company's flagship platform, Conect, is a modular SaaS solution that consolidates onboarding, assessments, contract management, risk registers, workflow automation, and audit trails into a single connected system. The platform is configurable without code and designed to meet the requirements of delegated authority management, coverholder onboarding, and ongoing counterparty risk monitoring. It integrates with the Sapiens Lloyd's ecosystem for compliance automation within the Lloyd's market.

Albany Group serves blue-chip clients including global specialty insurer Hiscox and global insurer QBE, where Conect has been deployed to reduce operational costs and streamline time-intensive compliance workflows. The company is a member of Guidewire's Insurtech Vanguards programme, a select group of insurtechs recognised for bringing transformative solutions to the P&C insurance industry.

## Products & services

### Conect

Conect is Albany Group's flagship regulatory technology platform for insurance and financial services supply chain management. The platform automates compliance, onboarding, audit programmes, risk management, and workflows across clients, suppliers, and internal teams in a single connected system.

**Key features:**

- Third\-party relationship management with assessments, approvals, contract control, workflows, risk registers, and reporting
- KYB automation providing a centralised hub for contract repositories, alerts, tasks, and insurance policy tracking
- Delegated authority management with standardised assessments \(KYB/KYC, financials, cyber, ESG, operational resilience\) for brokers, coverholders, TPAs, managing agents, and claims management firms
- Real\-time risk intelligence with automated monitoring of entities across supply chains, including PEP and sanctions screening
- Configurable workflow automation with user\-defined alerts, risk scoring, and counterparty risk tiering
- Assessment Library with ready\-to\-use assessments \(Cyber, ESG, Operational Resilience, Lloyd's Q&A\) configurable to customer risk profiles
- Full audit trail linking scoping, fieldwork, findings, and reporting
- Integration with Sapiens' Lloyd's ecosystem for Lloyd's market compliance automation

*Target users:* Carriers, managing agents, coverholders, brokers, TPAs, claims management firms operating in the Lloyd's market and broader insurance supply chains

### ORA

ORA is an automated online data capture platform for gathering information on people and companies. It functions as the underlying data collection and intelligence layer that complements the Conect platform.

**Key features:**

- Automated online data capture on individuals and companies
- Intelligence aggregation supporting due diligence and KYC workflows

*Target users:* Financial services and insurance firms requiring structured data gathering for compliance and due diligence purposes

## Category & focus

- Subcategories: Third\-Party Risk Management, Supply Chain Compliance, KYB/KYC, Delegated Authority Management, Audit Management
- Insurance verticals: P&C Commercial, Specialty/E&S
- Target customers: Carriers, MGAs/MGUs, Brokers

## Notable customers

- Hiscox \-\- global specialty insurer
- QBE \-\- global insurer; deployed Conect to streamline workflows and reduce operational costs

## Links

- Website: <https://www.albanygrp.com>
- Directory profile: <https://insurtechlist.com/companies/albany-group/>
- Blog: <https://www.albanygrp.com/post/continuous-oversight-the-new-standard-for-delegated-authority-third-party-risk-in-2026>
- Linkedin: <https://uk.linkedin.com/company/albany-risk>

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*Last updated: 2026\-06\-13*