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ViteSicure
Italy
Sep 2019 (6 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 ViteSicure
Company Information
Get to know ViteSicure
ViteSicure is the first insurtech that transforms the policy buying experience by making it affordable, self-service and instantaneous for the multitude of financially vulnerable people. It is the only case of life protection insurance on demand that is sustainable not only because it is completely paperless but also because it's inclusive thanks to products developed directly with RGA, a world leader in life reinsurance. It's also instant thanks open API platform that allows full digital customer onboarding through a need-based product proposition. Last but not least it is self service: in 3 minutes customers in a single process purchase and download the Policy online with the support of digital tools such as the Protection Calculator and the human touch of the excellent omni-digital customer service. viteSicure, brand of the insurance broker Bridge insurance Services is authorized to distribute insurance products in the European Economical Space and guaranteed by a Team with over 25 years of expertise in insurance, marketing and tech. Why viteSicure In Italy, 48% of families do not save, 61% suffer from anxiety about the economic future of the family and only 6% have life protection insurance. This is called Protection GAP (difference between resources needed and available at the death of the head of the family) and is a worldwide problem while companies are still focused on offering savings products, not aligned with the new buying habits of customers, with complicated and old processes, ignoring the millions of financially vulnerable customers. Customers are online, reacting to advertising and using technology and so we believed that digital transformation was the solution to engage customers, educate them about the insurance solution, reduce the distance to insurance and meet the demands and needs immediately. Technology is our enabler for reaching the financially vulnerable. Our open API platform enables fully digital processes not only with insurance companies as is the case with most digital brokers but across the entire value chain thus enabling full transformation and integration of processes. We use APIs for partner integration, for the omni-digital customer service system and even for trustpilot for example. viteSicure is therefore the only one that boasts a fully digital customer onboarding, marketing funnel and customer service that for the customer means a quick and easy journey for a unique insurance buying experience that is aligned with their buying habits. ViteSicure is backed and invested by RGAX (Reinsurance Group of America) and Reale Mutua Insurance Group
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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