Identity fraud loss insurance provider Instnt has confirmed its certification to operate in New York.
Following this announcement, the initiative marks an important step in the company’s expansion strategy, following its launch in March.
The certification was granted by the New York Insurance Department, and it represents a regulatory approval that allows Instnt to legally market and conduct insurance-related business in the state. In addition, the firm will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
More information on Instnt’s New York Insurance Certification
According to officials of the company, in order to achieve certification, Instnt underwent a thorough review by the state’s insurance regulators to ensure it meets all legal and operational requirements. At the same time, this certification represents a regulatory compliance requirement that allows Instnt to operate legally in New York.
While it does not directly impact or alter the customer experience, the certification is set to ensure that Instnt is aligned with regional legal frameworks and reinforces its commitment and strategies to launch secure, responsible, and compliant operations. Without this certification, Instnt would not have the possibility to promote or sell its product within the state of New York.
Furthermore, as the company expands access to its identity fraud loss insurance solution to new markets, it is set to continue to focus on ensuring that its capabilities meet optimised regulatory standards in every location it will operate.
