WALLESS Weekly Review
Please note that the review is in Lithuanian.
The Bank of Lithuania enrolled Revolut Payments UAB into the List of Insurance Brokers, which allowed the company to engage in the insurance distribution activities.
WALLESS Associate Partner Laurynas Narvydas and other team members assisted Revolut Payments throughout the process.
It is the first company in Lithuania taking advantage of the recent amendments of the Lithuanian Law on Insurance, allowing the market participants providing other financial services to also register as Insurance Broker.
Revolut Payments plans to provide insurance distribution services related to travel and mobile device insurance through their app.