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Covomo
Germany
2015 (10 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 Covomo
Company Information
Get to know Covomo
Covomo is a leading portal for all niche product insurances on a mission to empower people to easily protect the things they care about. We are offering the best in class B2B distribution platform for our partners and the best on-demand insurance products on the market. Behind Covomo is a team mixed of experienced insurance professionals, forward-thinking entrepreneurs and colleagues in the tech industry with love for innovation and attention to detail. With our exclusive focus on niche insurance products, we manage to get the best understanding of the customers' needs and catch the market opportunities in time to be the first to deliver the valuable propositions and shape our industry. You can become part of their extraordinary team — one thing is certain: working at Covomo means being part of a dynamic team and having multiple development opportunities.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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