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Outsurance
South Africa
01 Feb 1998 (27 Years)
Last online: No recent activity
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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 Outsurance
Company Information
Get to know Outsurance
OUTsurance is one of the leading direct short-term insurance companies in South Africa. OUTsurance revolutionized the short term insurance on vehicle insurance by adding the OUTbonus to the clients policy. The OUTbonus which is a reward system that if the policy holder does not claim within 3 years will receive 10% of their premiums back. Shortly after the personal short term they added Business insurance to their products and followed by life insurance where OUTsurance also added a game changer of offering their clients a 100% cash back OUTbonus after 15 years claim free.
Industry
- Financial InsurancePRIMARY
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