Company Information

Get to know Karma Insurance

Karma Insurance is the insurance marketplace service provided by Credit Karma Insurance Services, LLC, a subsidiary of Credit Karma, which itself is an Intuit company. The platform's mission is to simplify the insurance shopping experience by leveraging the financial data users already have within the Credit Karma ecosystem to provide personalized and competitive quotes. It acts as an insurance agent or broker, not an underwriter, connecting consumers with a network of over 40 leading insurance providers. A notable feature is Karma Drive, a telematics program that uses smartphone sensors to track driving habits and potentially offer discounts for safe driving.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Karma Insurance

Canada

Founded in

2016 (10 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.