Sharing your drive to innovate
Change is hardwired into the DNA of the Fintech industry. It’s an industry that constantly breaks new ground and pioneers the way the financial ecosystem works.
Unfortunately, this change also brings with it a constant stream of new risks and emerging threats. If you don’t constantly stay on top of changes in this sector, you can easily become exposed to:
- Data compromise
- Cyber extortion
Securing the right Fintech Insurance policy is essential. Get the right specialist advice, and you can avoid ending up without the financial protection you need, when you need it most.
Whatever your risk profile, we can help
Our team of specialist brokers have worked with more than 250+ fintech companies, ranging from two-person start-ups to international unicorns.
You can trust that no matter how big or how complex the risks you face are, we have the resource and the skill to take it off your balance sheet.
Leaving you free to do what you do best…innovate.
What we offer
Our insurance products include:
Get the coverage you need (without inflated premiums)
We’ve taken the time to build positive, long-term relationships with all the top fintech insurers. We know how they work, what they look for and how to present your risk to them in the best possible light.
As a result, we can help your business get the coverage you need, without you having to pay over-inflated premiums.
No matter how your company changes over time, we can deliver effective long-term risk solutions based entirely on the specific needs of your business. (Even against risks you don’t realise you face.)
And any claims you make will be handled by our specialist in-house team. They can guide you step-by-step through the claims process, and make sure you present your claim to your insurers in a way that maximises your chance of success.
Specialist insight, whenever you need it
We’re not generalists or jack of all trades. We’re deeply embedded in the fintech space. It’s all we do, all day every day.
If you choose to work with us, you’ll benefit from the hard-won expertise we’ve built up by helping hundreds of businesses in this industry get the financial protection they need.
Our proactive approach means we can offer your business greater certainty of insurance coverage and a simplified policy, so you can enjoy a smooth and rapid response to claims.
Demand more from your insurance
We can deliver:
- Enhanced strategic protection in key areas combined with competitive pricing
- Coverage for key threats such as ransomware, extortion, social engineering fraud, cryptojacking and fraudulent retention of erroneous payments
- Additional protection for Non-Executive Directors
- Regulatory Investigations expenses and support
- Skilled Persons Review
- Coverage to meet the minimum requirements for AISPs and PISPs
- Specialist emergency support in the event of a data breach
- Public relations expenses, mitigation and crisis management costs all covered
- Enhanced D&O protection, including pre-claim inquiry costs and personal tax notices
- Protection extends to include negligent acts or omissions caused by third-party service providers
- Simplified policy construction to streamline your coverage and speed up claims response
- Previously separate policies combined into a single solution, designed to deliver pricing economies and coverage benefits
- Specialist emergency support if you suffer a data breach
Attract higher level investment and backing
The right cover isn’t just about protection. By putting the right Professional Indemnity and Directors’ and Officer’s, Cyber and Crime policy in place, you can make your business look like a lower-risk, more attractive proposition to potential investors.
It can also help you attract and work with a higher level of client. Many high level financial institutions will require you to have a certain level of insurance in place before they’ll do business with you. We can help advise you on the best way to go about this
Stay compliant with regulations
We are well-versed in ensuring that our client’s policies meet all necessary legal requirements set by the FCA and other international regulators.
If you’re unsure how best to make sure your company has the cover you’re legally required to have to do business here in the UK and your overseas operations, we can offer the insight and advice you need.
We work closely with specialist Fintech compliance partners to ensure that our regulatory and compliance knowledge remains cutting edge.
Our Compliance Partners
What our clients say
"We have been comprehensively supported by Hugo Thorp and Fergus Bracher from the Fintech and Payment Services team and together with their assistance we have developed a strong relationship with our primary insurers. The PSD Bond in the UK is invaluable to us to meet our safeguarding requirements and this method of safeguarding will support the future growth of our business in the UK.”
- Martin Boden, Chief Financial Officer, Small World
"PSD Bond safeguarding insurance has been invaluable in allowing WEX to offer flexible customer solutions whilst meeting its regulatory obligations. [The team] provided us with a practical, tailored solution to meet our requirements. Their subject-matter expertise and understanding of the product was first rate from the outset."
- Senior Legal Counsel, WEX
Our Fintech specialists: