If you have insurance policies with Wakam, you might be wondering what’s going on. French authorities have recently stepped in to suspend the operations of this insurance company, a move that has caught many by surprise. Wakam is known for providing various coverage options, including auto liability insurance, and operates across several countries, including Italy.
The good news is that if you are currently covered, you do not need to panic. According to Ivass, the Italian insurance regulator, all existing policies remain fully valid and active despite this suspension. While the company sorts through these regulatory hurdles, your current coverage should continue to protect you as expected. It is a developing situation, but for now, your existing agreements stay in place.