Company Information

Get to know Covela

Covela is a technology-driven company that operates as a Managing General Agent (MGA) focused on cyber insurance. The company has developed a proprietary platform designed to empower insurance brokers to more effectively quote, bind, and manage cyber insurance policies for small and medium-sized businesses (SMBs). By leveraging data analytics and AI, Covela aims to simplify the complex cyber insurance landscape, providing brokers with tools for risk assessment, quoting, and client management, thereby streamlining the entire insurance lifecycle.

Industry

Technology White Label PlatformPRIMARY
Financial Insurance
Financial Other Service

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Covela

Mexico

Founded in

Nov 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

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.