Albany Group

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

Compliance & Regulatory Established 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

At a Glance

Founded: 2007
Headquarters: London, England
Employees: 51-200
Funding: Bootstrapped

Category & Focus

Category: Compliance & Regulatory
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