Our Services

WHO WE ARE

At Firstance, we specialize in bridging the gap between insurance companies and financial institutions, particularly banks, through our cutting-edge wealth tech platform.

Our goal is to revolutionize the traditional insurance distribution model by offering innovative, digital-first solutions that foster seamless collaboration between stakeholders.

Firstance operates in the Private Insurance sector, specifically dedicated to High-Net-Worth (HNWI) and Ultra-High-Net-Worth Individuals (UHNWI). We provide a broad spectrum of products, including investment products such as Insurance-Based Investment Products (IBIPs), as well as traditional protection products like Term Life Insurance, Long-Term Care (LTC), and dread disease coverage

How we do it

Firstance operates through two primary business models:

  • B2B Model: Firstance collaborates with institutional distributors through co-intermediation agreements, enabling them to maintain direct relationships with policyholders. This model empowers banks to offer premium insurance products while leveraging Firstance’s technical expertise and support.
  • B2B2C Model: Firstance also engages directly with policyholders, following introductions from our partners. This allows us to provide end-to-end service, from policy inception to ongoing management, delivering seamless, personalized interactions

Firstance simplifies the ecosystem for all actors by offering:

  • One IT standard for integration and data management
  • One streamlined process across all interactions
  • One unified contract, reducing administrative complexity and fostering efficient collaboration between insurers and distributors

What we Deliver

Commercial solutions

Firstance allows banks to access a wide range of private insurance solutions through a single master agreement. This simplifies the distribution process and reduces the need for multiple bilateral agreements​

The platform facilitates state-of-the-art product offering, ensuring that insurance products can be distributed digitally with minimal barriers. This helps to accelerate sales cycles, optimize customer outreach.

Firstance platform is designed to integrate new business processes with comprehensive post-sales management. Our solution is engineered to handle extensive portfolios with ease, ensuring efficient oversight and administration of a large volume of policies. Whether you’re acquiring new clients or managing ongoing policyholder relationships, Firstance provides a robust and intuitive system to optimize every step of the insurance lifecycle

What we Deliver

Administrative & Regulatory services

Firstance’s platform is designed to handle middle and back-office tasks, streamlining administrative processes. It offers features such as document repositories and digital underwriting, making it easy for partners to manage contracts and customer data securely​

Moreover, the platform is fully compliant with European regulations (including MiFID II and IDD), ensuring that all administrative operations are conducted in line with industry standards​

What we Deliver

Technology-Driven Growth

Firstance helps Banks and Insurance Companies adapting to the digital era by integrating their systems with its platform, promoting cost-efficiency, better customer experience, and higher operational agility. Our focus on open architecture allows for flexible and scalable solutions

We are the Leading European Wealth Tech Platform for Private Insurance

Our Platform