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Benekiva

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United States

Founded in

31 Jan 2018 (7 Years)

Founded

Last online: No recent activity


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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know Benekiva

    Our mission is to become the standard operating platform in the life insurance industry. We offer proactive beneficiary management and claims platform that is cloud-based, secure, and easily connectable to legacy systems. Benekiva is a technology platform designed to solve specific problems within the Life/Annuity industry while providing a beautiful customer experience. We created a SaaS platform that is rules/data-driven and Blockchain backed that allows life insurance companies to proactively update policyholder information, update and better manage beneficiary information, 100% digital claims process, provide an opportunity for the carrier agency or advisory force to retain the asset, and comply with the updated unclaimed property and escheatment laws. Benekiva helps insurance companies solve the following problems: Claims Automation – Automating the documentation and payment processing between beneficiaries and insurance companies with blockchain protection. We also have an asset retention model for companies with an agent/advisor/or licensed reps salesforce. Policyholder and Beneficiary Management and Notification – Managing all policyholder and beneficiary related processes such as updates to critical information, notification of events, and 100% end to end claims processing. Data Analytics – Turning your claims processes into revenue generating engine through robust analytics, notification, and asset retention. Compliance with unclaimed property and escheatment laws. We are on a mission to create the platform of choice for insurance companies with a beneficiary first mindset.

    Industry

    • Financial InsurancePRIMARY
    • Financial Other Service
    • Technology Software Development

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