Company Information

Get to know Assuris (Canada)

Assuris is a Canadian, not-for-profit consumer protection organization that is funded by the life and health insurance industry. Established in 1990, its primary mission is to protect Canadian policyholders in the event that their life and health insurance company becomes insolvent. Assuris minimizes the loss of benefits for policyholders by ensuring a quick and seamless transfer of their policies to a solvent company, guaranteeing that at least 85% of the promised benefits are retained. This protection is applied automatically to all policies issued by member life insurance companies in Canada.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Assuris (Canada)

Canada

Founded in

1990 (36 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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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.