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Caution Investors PROINSURE FINANCIAL – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
If you are looking for a reliable and trustworthy insurance company, you may have come across PROINSURE FINANCIAL, a website that claims to offer various insurance products and services. However, before you decide to do business with them, you should be aware of some red flags that indicate that they may be a fraudulent or manipulative firm.
Regulation and Compliance:
One of the most important things to check when dealing with any financial firm is whether they are regulated and compliant with the relevant authorities. This ensures that they follow the rules and standards that protect consumers and investors from scams and malpractices.
According to the website of PROINSURE FINANCIAL, they are “licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom”. However, this is a false claim, as the FCA has issued a warning against them, stating that they are not authorised to provide financial services in the UK. The FCA also advises consumers to avoid dealing with unauthorised firms, as they are not covered by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
Another way to assess the credibility and reputation of a financial firm is to look at customer reviews and feedback. However, in the case of PROINSURE FINANCIAL, there are very few reviews available online, and most of them are negative. Some customers have reported that they have been scammed by the firm, losing their money or personal information. Others have complained about poor customer service, lack of transparency, and hidden fees.
Products and Services:
PROINSURE FINANCIAL claims to offer a range of insurance products and services, such as life insurance, health insurance, home insurance, car insurance, travel insurance, and business insurance. However, these products and services are not clearly explained or described on their website. There is no information about the terms and conditions, the coverage and benefits, the exclusions and limitations, or the premiums and fees. Moreover, there is no evidence that they have any partnerships or affiliations with reputable insurance providers or brokers.
PROINSURE FINANCIAL claims to be based in London, UK. However, this may not be true, as they have not provided any physical address or contact details on their website. They only have an email address and a phone number, which may not be genuine or reliable. They may also change these contact details over time, or use details that belong to another business or individual.
PROINSURE FINANCIAL claims to have a “dedicated team of experts” who are “available 24/7” to assist customers. However, this may not be true, as many customers have reported that they have not been able to reach them or get any response from them. Some customers have also reported that they have been pressured or harassed by the firm’s representatives, who have used aggressive or deceptive tactics to persuade them to invest or buy their products.
Based on the above evidence, it is clear that PROINSURE FINANCIAL is not a legitimate or trustworthy insurance company. They may be involved in fraudulent or manipulative practices, such as insider dealing, market manipulation, misrepresentation of material information, etc. Therefore, we advise consumers to avoid dealing with them at all costs and report them to the relevant authorities if they encounter any suspicious or illegal activities.