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
Firstance operates through two primary business models:
Firstance simplifies the ecosystem for all actors by offering:
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
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
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