Company Information

Get to know Genric Insurance

Genric Insurance Company Limited is a short-term insurer and an authorized Financial Services Provider (FSP: 43638) in South Africa. Acquired by Old Mutual Insure in 2021, Genric operates as a specialist insurer focusing on creating innovative and tailor-made insurance products for specific market segments. Its business model is centered on partnering with Underwriting Management Agencies (UMAs), brokers, and insurtech companies to quickly bring niche products to market, covering areas such as personal, commercial, and specialized risk.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Genric Insurance

South Africa

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.