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Social Scout
See what Social Scout found of Enact
Provided by TrustFinance AI Analysis
Social Scout
See what Social Scout found of Enact
Provided by TrustFinance AI Analysis
United States
1981 (45 Years)
Last online: No recent activity
Average
40
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0.00
Traffic & Engagement
1.67
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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.
Get to know Enact
Get to know Enact
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Summarization
This comprehensive review delves into Enact Insurance, a subsidiary of Genworth Financial, Inc., a leading provider of mortgage insurance and other financial products in the United States. We'll explore its history, product offerings, pricing structures, customer service, and overall reputation to provide you with a well-rounded understanding of this significant player in the insurance market.
Genworth Financial, Inc., established in 1871, is a Fortune 500 company with a long history in the financial services industry. Enact, as a subsidiary, leverages this extensive experience to provide innovative and reliable insurance solutions. The company's evolution reflects its adaptation to the constantly shifting landscape of the mortgage and insurance markets. While Genworth's history stretches back to 1871, Enact's specific establishment date isn't publicly available, suggesting a more recent formation as a focused brand within the larger Genworth structure. However, the company's strengths clearly benefit from the extensive experience and financial stability of its parent company.
Enact operates under the stringent regulatory framework of Genworth Financial, Inc. Genworth's status as a Fortune 500 company ensures a high level of financial stability and accountability. The company's classifications under the North American Industry Classification System (NAICS) as Direct Life Insurance Carriers (524113) and the Standard Industrial Classification (SIC) as Life Insurance (6311) further underscore its adherence to industry regulations and standards. This regulatory oversight ensures transparency and protects policyholders' interests.
Enact's primary focus is on providing mortgage insurance, a crucial element in the home-buying process for many Americans. This allows lenders to offer mortgages with lower down payments, making homeownership more accessible. Beyond Enact's direct offerings, Genworth Financial, Inc. provides a broader range of insurance products, significantly including long-term care insurance. This diversification strengthens the company's overall market position and provides a wider range of financial security solutions for its customers.
Enact and Genworth Financial go beyond core insurance offerings. Genworth's online retirement planning tools provide valuable resources for individuals navigating retirement savings and planning. Additionally, both companies provide robust claims assistance, ensuring a smooth and efficient process for policyholders needing to file a claim. The availability of these additional services strengthens customer relationships and adds value to the overall insurance experience.
Enact's mortgage insurance premiums are known for their competitiveness, reflecting the company's focus on providing affordable access to homeownership. The pricing is carefully structured to balance risk assessment with affordability, ensuring that qualified borrowers can secure the necessary insurance without undue financial strain. Similarly, Genworth Financial's long-term care insurance premiums are designed to be competitive within the industry while offering a comprehensive range of coverage options. While precise pricing details aren't readily available without specific circumstances, the company's emphasis on competitive rates is evident in its marketing materials and reputation.
Both Enact and Genworth Financial offer various discounts and promotional deals to make their insurance products more accessible and appealing to customers. These initiatives can range from multi-policy discounts, loyalty rewards, and limited-time offers, adding further value for policyholders. Specific details of these discounts and promotions vary, so it is always advisable to check with Enact or Genworth directly for the most up-to-date information. The availability of these discounts highlights the company’s commitment to customer value and loyalty.
Enact prioritizes excellent customer service, offering multiple channels for contacting their support team. The availability of 24/7 phone support at 888 GENWORTH (888.436.9678) underscores the company's commitment to providing timely assistance to its clients. Email and live chat support options are also available, catering to various customer preferences. The availability of multilingual assistance further demonstrates Enact's dedication to serving a diverse clientele. This multi-channel approach ensures accessibility and convenience for policyholders.
Enact Insurance, powered by the extensive experience of Genworth Financial, presents a compelling option for those seeking mortgage insurance and long-term care solutions. The company’s emphasis on competitive pricing, efficient service, and a comprehensive range of products makes it a strong contender in the market. However, potential borrowers and policyholders should carefully review the specific terms and conditions of each policy and assess whether the coverage and requirements align with their individual needs and circumstances. It's crucial to compare offerings across multiple providers to ensure you're making the most informed decision.
