FinTech Insurance
The Global Leader in arranging FinTech Insurance
From Start-up to Scale-up and beyond
FinTech is the future
Pioneering innovation, disrupting the norms, a FinTech needs to trade knowing its business is suitably protected.
Elmore delivers bespoke, focused FinTech Insurance for each type of FinTech
Challenger Banks
E-Money
AISPs/PISPs
Payments
Alternative Finance
InsurTech
Blockchain
Wealth Platforms
Trading Platforms
Lending Platforms
Peer 2 Peer Platform’s
Aggregator Platforms
PSD2 Insurance
Sharing Economy
Crypto Exchanges
Crypto Wallets
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:
Identification of risk
Support in mitigating risk
Arranging risk transfer with FinTech Insurance
Claims Support and Response
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
Insurance
- Event management
- Reputation management
- Financial loss incl. fines
- Cyber liability
Office & Employee Insurance
- Property and equipment
- Employers liability
- Public liability
- Travel insurance
Multi-National Fintech Programme Management
In the scale up of a FinTech, rapid global expansion requires a coordinated approach to Insurance acquisition. Elmore’s network of established insurance partners around the world allows for a Global Insurance Programme. With the requirement to have local policies while being coordinated by one centralised function it can allow better compliance and visibility into the global requirements.
MULTI-NATIONAL INSURANCE PROGRAMMES
Partner With
Insurers
With a captive audience and engaged users why not consider cross selling insurance solutions along side the FinTech offering adding value to customers, differentiating your offering and brining a new income stream for the business. Elmore delivers bespoke and innovative programmes for both consumer and business users, gee in touch to learn more.
PARTNER WITH INSURERS
Fintech Risk Management
For a FinTech to partner successfully with it’s key stakeholders, it must appreciate the breadth and depth of financial and technology risk management. In particular, the FinTech must understand the operational risk considerations that a stakeholder will need to consider before engaging them. By following best practice controls and processes required to onboard insurance it can improves the overall governance and acceptance of a FinTech. The diagram represents the benefits of mitigating and reducing risk to optimise risk transfer through insurance:
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