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Wesurance
United Kingdom
2017 (8 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 Wesurance
Company Information
Get to know Wesurance
Wesurance is an insurtech company that builds and implements digital insurance solutions for all insurance businesses. Our cloud-based, AI-based software allows you to access a wider reach of customers, grow your online business, and explore more lucrative business models. The best part is that insurers do not need to code or perform complex integration to use the platform. The platform’s open architecture and pre-made APIs ensure compatibility with external systems as well as smooth data migration. The flexible design allows insurers to create highly customised solutions and product offers, minimising time-to-market, which is crucial for gaining a competitive edge and ensuring the continuity of the business.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
- Technology Software Development
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