FinTech Insurance
The Global Leader in arranging FinTech Insurance
From Start-up to Scale-up and beyond
The Global Leader in arranging FinTech Insurance
From Start-up to Scale-up and beyond
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
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.
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.
The following cover can be combined in one policy or offered in separate policies:
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
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
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: