Company Information

Get to know Raincoat

Raincoat is an insurtech company that provides a B2B platform enabling insurers, financial institutions, and governments to offer parametric insurance for climate-related disasters. Founded in the aftermath of Hurricane Maria in Puerto Rico, the company's mission is to protect individuals and businesses from the financial disruptions caused by climate change. Their technology automates the entire insurance lifecycle, from underwriting and sales to claims processing, facilitating rapid, trigger-based payouts without the need for traditional loss assessment.

Industry

Technology Software DevelopmentPRIMARY
Financial Insurance
Financial Other Service

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Raincoat

N/A

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.