WALLESS Assisted Revolut Payments in Getting on the List of Insurance Brokers

2019 10 16

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.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.