.insurance
| Status: | Proposed |
| country: | International |
| Manager: | fTLD Registry Services, LLC for (BITS & ABA Partnership) Radix |
| Registry Provider: | Verisign for BITS & ABA ARI Registry Services for Radix |
| Type: | Community gTLD, Generic |
| Community TLD: | insurance community |
More information: 
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.insurance is a proposed new generic top level domain name gTLD) to ICANN's New gTLD Program. The applicants for the .insurance string are BITS, the technology policy arm of Financial Services Roundtable in partnership with the American Bankers Association (ABA) [1] and Radix, a subsidiary of Directi Group.[2]
ABA & BITS Bid[edit | edit source]
ABA and BITS confirmed their application for the .insurance and .bank TLDs in a press statement released on May 31, 2012. Craig Schwartz, head of operations for Financial TLD Initiative said that the partnership aims to "provide the highest security for the millions of customers conducting banking and insurance activities online and to ensure the safety and soundness of the industry." ABA & BITS application for both domain name strings is supported by a number of financial services organizations including the Australian Bankers’ Association, American Bankers Insurance Association, British Bankers’ Association, European Banking Federation, Independent Community Bankers of America and the the International Banking Federation. [3] The partnership formed the fTLD Registry Services, LLC to manage and operate .insurance and .bank domain name space.[4]
Radix Bid[edit | edit source]
Radix, a newly created subsidiary business of Directi Group also confirmed its application for the .insurance TLD. The .insurance string is one of the 31 gTLDs being applied for by the company with an allocated budget of $30 million. [5] Bhavin Turakhia, CEO of Radix is prepared to face a string contention and an auction for the string. He also expressed that he is open to establish partnerships with other applicants. [6] ARI Registry Services was chosen by Radix to serve as its back-end registry services provider.[7]
References[edit | edit source]
- ↑ ABA and The Financial Services Roundtable Apply for Financial Domains to Protect Consumers
- ↑ Directi Invest Over $30 Million & Applies For 31 New gTLD’s: Including: .Law, .Web, .Bank, .Shop
- ↑ ABA and The Financial Services Roundtable Apply for Financial Domains to Protect Consumers
- ↑ Financial Top Level Domain Initiative
- ↑ Directi Invest Over $30 Million & Applies For 31 New gTLD’s: Including: .Law, .Web, .Bank, .Shop
- ↑ Directi expects all 31 of its gTLDs to be contested
- ↑ The Directi Group launches Radix and appoints ARI Registry Services for new Top-Level Domain project