Alternative Finance Insurance

Comprehensive Insurance Protection for Alternative Finance

The future of SME and micro finance

Alternative finance firms offer a great alternative to traditional lenders. However, whether it is peer-to-peer lending, equity crowdfunding or initial coin offerings, this new area of finance comes with new risks, including those related to integrity, sustainability of operations and consumer protection.

Elmore’s alternative finance insurance is designed to address regulatory guidelines in a clear, cost-effective way, while meeting the requirements of early-stage businesses.

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5 Insurance considerations for firms operating under PSD2

Elmore Alternative Finance Insurance

Alternative finance providers face many risks because of their reliance on digital networks and systems, increasing volumes of data, cloud technology, and outsourced services.

They must also keep up with changing regulations, demonstrate corporate responsibility, and be aware of growing media scrutiny. All of which underlines the importance of effective operational, financial and technology risk management.

Elmore’s insurance solution includes:

Risk Identification – Elmore Review

Support in mitigating risk – Improve you risk management

Arranging risk transfer with PSD2 Insurance – Request an Application Form

Claims support and response – Insurance Claims

SUBSCREVA

Alternative Finance Companies Insurance Explained

Innovative firms come with inherent risks both to themselves and their customers, so it is essential to have the correct risk management in place as well as insurance coverage.
Key risks facing alternative finance firms include negligence in the delivery of services, a cyber breach, a director’s wrongdoing or fraud.

ALTERNATIVE FINANCE INSURANCE BROCHURE

Elmore Trading Platforms Insurance – Policy Coverage

A cobertura abaixo poderá ser combinada numa só apólice ou disponibilizada em apólices separadas:

Responsabilidade Civil Profissional (PI)

Reivindicações de clientes
Claims for failure of regulated services
Reivindicações por falha tecnológica
Legal support for regulator actions

Directors & Officers Liability

Reivindicações de reguladores
Reivindicações de accionistas
Reivindicações de funcionários
Reivindicações de outras partes interessadas

Cyber & Crime
Seguros

Gestão de eventos
Gestão de reputação
Perda financeira incluindo multas
Responsabilidade Cyber

Seguro para Escritórios e Colaboradores

Propriedade e equipamento
Responsabilidade do Colaborador
Responsabilidade pública
Seguro de viagem

Gestão do Programa de Seguros

When alternative finance companies begin to scale, rapid global expansion will require a coordinated approach to insurance acquisition. Thanks to our international network of established insurance partners, Elmore can provide a global insurance programme. If local policies require coordination by a central function, a global programme will allow for better compliance and visibility.

MULTINATIONAL INSURANCE PROGRAMMES

Partner With Insurers – Embedded Insurance

If you have a captive audience and engaged users, consider embedding insurance solutions alongside existing services. This will provide additional value to customers, differentiate your offering, and bring a new income stream to your business.
Elmore provides bespoke and innovative programmes for consumers as well as business users. Get in touch to learn more.

PARCERIA COM SEGURADORAS

Gestão de Risco Fintech

For a fintech to partner successfully with its key stakeholders, it must appreciate the breadth and depth of financial and technology risk management.
In particular, the fintech must understand the operational risks that a stakeholder needs to consider before engaging it.
Observing best practice controls and processes to onboard insurance can improve the overall governance and acceptance of a fintech.
The diagram represents the benefits of mitigating and reducing risk to optimise risk transfer through insurance.

IMPROVE OPERATIONAL RISK

Alternative Finance Insurance Claims

Elmore’s claims team is committed to the highest standards of service and operational excellence. Our experienced specialists focus on individual product lines and different geographies, and we always follow best practice and due diligence. When needed, we partner with specialised claims consultants to ensure that no matter how complex an insurer’s claims may be, the proper technical expertise is employed to analyse and resolve the loss.

learn about elmore claims

Mantenha os seus dados seguros

We take cybersecurity very seriously and are one of the few practices in the insurance industry to certify with Cyber Essentials. These controls can significantly reduce the risk of unskilled, but widespread, cyberattacks.

Elmore Insurance Brokers Limited (Elmore) is a company incorporated in England and Wales with registration number 09548115. Elmore is a Lloyd’s Broker and authorised and regulated by the Financial Conduct Authority – Firm Reference Number 955112.

Elmore, Lda is a company incorporated in Portugal with registration number NIF 516116363 and develops its activity with CAE 66220 – insurance intermediaries activities. Elmore, Lda is a Lloyd’s Broker and is authorised and regulated by the ASF – 420564777. Elmore, Lda is a Subsidiary of Elmore.