2021-01-21T14:01:00+00:00
AkinovA (Bermuda) has been granted the first “Insurance Marketplace Provider” licence by the Bermuda Monetary Authority (BMA), Bermuda’s financial services regulator. This new category of Insurance Intermediary was created as a result of Bermuda’s Insurance Amendment Act 2019 (Act). It is understood that this makes AkinovA the first new regulated insurance marketplace since Lloyd’s of London Act of parliament in 1871. Unlike Lloyd’s, AkinovA enables capital providers, brokers, agents and cover buyers with a safe and remote electronic space to enable them to exchange information and agree transactions within a low friction environment.
AkinovA is proud to be the first company to graduate from the BMA’s Innovative Regulatory Sandbox Regime.