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Boost
United States
Feb 2017 (8 Years)
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Security Information
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.
Company Information
Get to know Boost
Company Information
Get to know Boost
Boost enables companies across all segments to build, embed and manage digital insurance products, and deliver them through a fully embedded experience within their own front-end environments. Boost's infrastructure-as-a-service platform significantly reduces the cost of building and managing an insurance company by packaging the necessary operational, compliance, and capital components and making them accessible through a simple API integration. Through its managing general agency subsidiary, Boost Insurance Agency, Inc., Boost is licensed and authorized to produce any type of insurance across all 50 states. Boost is appointed by 'A'-rated fronting carriers and has its own dedicated reinsurance facility backed by global reinsurers. For more information, please visit boostplatform.io.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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