Frequently asked questions
bindary, in formation in the United Kingdom, 2026.
Is an AI deciding my cover?
No. The AI does the preparation: it structures your risk into a broker-ready submission and canvasses the market. A licensed broker reviews, decides and signs off every placement. A person makes the call.
Is bindary regulated?
bindary's own FCA authorisation is in progress. From day one of trading, regulated activity runs under the FCA permissions of MALAKUT (UK) LIMITED (company number 11407849), an FCA-authorised insurance intermediary, with bindary as its Appointed Representative.
What does it cost to enquire?
Nothing. There is no fee and no obligation. If a placement completes, bindary is remunerated the way brokers are, from the market side, and any remuneration is disclosed to you.
How do I know I got the best terms available?
Because your risk is not stopped at two or three underwriters. bindary canvasses the right slice of the 270+ markets reachable under the FCA permissions of MALAKUT (UK) LIMITED, bindary's principal, so the quotes that come back carry a real benchmark behind them.
My risk is unusual. Will anyone write it?
That is the risk bindary is built for. Describe it in plain words; the assistant asks what the market needs, and a licensed broker takes it to the markets that write your class, from SME to specialty, UK and Europe.
What happens to what I share in the chat?
Your enquiry and contact details are stored only so a specialist can follow up by email. Nothing is sold or shared for marketing. While the site runs in demonstration mode, please do not upload confidential documents.
Can I buy cover here today?
Not yet. bindary comes online in 2026, with authorisation in progress. Describe your risk now and a specialist follows up as we go live.