Elmore Fintech Insurance
Reliance on networks, systems, data, cloud technology, and outsourced service providers exposes a FinTech to an array of risks.
Changes to regulation, perception to corporate responsibility and increased media attention towards FinTechs have focused the importance of effective operational, financial and technology risk management.
The Elmore Fintech insurance solution:
Fintech Insurance Explained
With the backing of experienced Insurers behind a FinTech it can trade knowing their balance sheet has critical support should the unthinkable happen.
FinTechs are increasingly adopting and leveraging advanced technologies to deliver innovative financial products and services. While these innovative technologies present opportunities, they may also pose new sources of risks.
Elmore Fintech Insurance – Policy Coverage
The following cover can be combined in one policy or offered in separate policies:
Directors & Officers Liability
- Claims by regulators
- Claims by shareholders
- Claims by employees
- Claims by other stakeholders
Professional Indemnity Insurance (PII)
- Claims by customers
- Claims for failure of service
- Claims for failure of technology
- Mitigation costs to put right
Cyber & Crime
- Event management
- Reputation management
- Financial loss incl. fines
- Cyber liability
Office & Employee Insurance
- Property and equipment
- Employers liability
- Public liability
- Travel insurance