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GenLife
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2016 (9 Years)
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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.
Company Information
Get to know GenLife
Company Information
Get to know GenLife
GenLife is making the future of insurance intelligent, inclusive and dynamic. They are building a platform from applying machine learning to their insurance partners' life and health insurance primary data sets to drive down transaction costs, increase automation and improve risk-pricing in underwriting, claims and fraud management. The platform is being built to be hardware/device agnostic and integrate with future forward-looking data sources such as genomics, geo-location, social, and healthtech. Their insurance partners win when they remove friction, costs and inefficiencies from their operations and their customers' experience. People win when they transform their insurance from an annual cost to a personalized asset which proactively protects their life and health.
Industry
- Financial InsurancePRIMARY
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