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prIME Assessments

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Canada

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01 Apr 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.

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    Get to know prIME Assessments

    prIME Assessments, established in Canada in 2016, is focused on leveraging technology to bring structure to the medical chart. By sequential algorithms prIME Assessment has developed methods to improve accessing data in the medical chart, which consists of records from multiple sources, inconsistent formatting, a collection of text, forms and handwritten entries, variable coding systems and lack of structured metadata. These improvements of the data permits deeper analysis of individual and groups of charts using new technologies such as machine learning and artificial intelligence in the fields of chart reviews for medico-legal, public health and research applications. prIME Assessments has introduced IME360 to ameliorate the controversial present day mechanism that insurance companies use to assess health claims after accident injury by hiring an expert physician to assess the victim and formulate a report; the Independent Medical Evaluation (IME). With IME360, using algorithms, indexing and metadata, relying on technology and human expertise, the unstructured information in the medical chart is converted to more structured data. Furthermore, thorough analysis of the newly available information often can lead to resolution of the contested insurance claim without relying on the formal costly and time consuming IME.

    Industry

    • Financial InsurancePRIMARY

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