The company is authorized by the IVASS (Institute for the Supervision of Insurance) to practice brokerage activities, and it is registered on the Single Register of Insurance and Reinsurance Intermediaries (RUI) at no. B000350474 in Italy; it is also free to provide services in Germany, Belgium, Luxembourg, France, Ireland, Sweden, Malta, United Kingdom, Spain, Portugal, Slovenia and Liechtenstein.
 

First Advisorywas founded in 2010 and, since 2013, it has pioneered the development of a new distribution model in Italy, called co-intermediation. This model is based on the creation of horizontal partnerships with Banks and Securities Firms, which are then able to access a wide range of insurance companies through a single agreement with a “master” broker.

Legislative framework::

The Decree Law no. 179/2012, called “Salva Italia” (Save Italy), signed by then Prime Minister Mario Monti, started a process of liberalization in the insurance sector. The Decree was then converted into Law no. 221/2012, which introduced an important innovation in the complex system of insurance intermediation in Italy: the possibility, for those registered in sections A, B and D of the RUI, to adopt forms of mutual collaboration in the performance of their activity, including making use of their respective mandates.


Collaboration between intermediaries Decree Law n. 179 of 18 October 2012, converted with modifications into Law no. 221 of 17 December 2012.
THE DISTRIBUTION MODELS


Internal Audit & Compliance

The compliance office is charged with the task of evaluating the adequacy and effectiveness of the procedures adopted by the intermediary regularly, in order to ensure the proper fulfilment of the transparency and good practices obligations as well as of the internal regulations and provisions, to reduce the risk of non-conformity to the rules of conduct.

Back office

The back office personnel manages and inspects the documents needed in order to provide the requested services. It also works to support the contract management activities, thus ensuring our partners a professional service.

 

INTERMEDIATED POLICIES    (in million €)







 
  • Independence
  • Confidentiality
  • High level of expertise on the Private Placement insurance products
  • Available to meet clients throughout Europe
  • Asset optimization
  • Technical and administrative support
  • Interface with the most important insurance entities
  • Customized insurance solutions according to the clients’ needs
  • MIFID II compliance