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corevanta

Compliance Standards

Effective Date: August 27, 2025

Last Updated: August 27, 2025

Scope: UAE & international regulatory requirements

UAE Regulatory Compliance

  • UAE Data Protection Law compliance

  • Sharjah Media City Free Zone regulations

  • UAE Commercial Companies Law adherence

  • Financial services regulatory requirements

Our services include:

  • Risk intelligence platform and analytics

  • Survey network coordination

  • Underwriting support and assessment

  • Compliance and quality assurance services

International Standards

  • CILA (Chartered Institute of Loss Adjusters) - Professional standards for loss adjustment

  • IFAA (International Federation of Adjusting Associations) - Global adjusting protocols

  • ISO Standards - Quality management and information security frameworks

  • GDPR Alignment - European data protection standards

Insurance & Reinsurance

  • Lloyd's of London market standards

  • International Association of Insurance Supervisors (IAIS) principles

  • Solvency II compliance for EU clients

  • Local insurance regulatory requirements

Industry-Specific Compliance

Risk Management

  • COSO (Committee of Sponsoring Organizations) frameworks

  • ISO 31000 Risk Management standards

  • Basel III principles for financial risk

  • Climate-related financial disclosure standards

Service Delivery Standards

  • Standardized methodologies across all locations

  • Regular quality audits and assessments

  • Continuous improvement processes

  • Client satisfaction monitoring

Quality Assurance Framework

Professional Standards

  • Qualified professional staff requirements

  • Ongoing professional development programs

  • Peer review and technical validation

  • Industry certification maintenance

Internal Controls

  • Regular compliance assessments and reviews

  • Risk-based audit programs

  • Management reporting and oversight

  • Corrective action procedures

Compliance Monitoring

External Validation

  • Third-party compliance audits

  • Professional body assessments

  • Client compliance reviews

  • Regulatory examination cooperation

Compliance Contact Information

Legal inquiries: ask@corevanta.io
General terms questions: ask@corevanta.io
Document Control

  • Document Owner: Corevanta LLC

  • Approval Authority: Board of Directors

  • Review Frequency: Annual or as required by regulatory changes

  • Next Review Date: August 27, 2026

  • Version: 1.0 - Initial Release - August 27, 2025

Anti-Money Laundering (AML)

  • Know Your Customer (KYC) procedures

  • Transaction monitoring and reporting

  • Suspicious activity identification

  • Staff training and awareness programs

Business Continuity

  • Disaster recovery and business continuity plans

  • Regular testing and validation procedures

  • Crisis management and communication protocols

  • Data backup and recovery systems

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Whistleblower Protection

  • Anonymous reporting mechanisms

  • Investigation procedures for compliance concerns

  • Protection against retaliation

  • Regular policy communication and training

Regulatory Framework

Corevanta operates under multiple regulatory frameworks ensuring global compliance:

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