Protection for the pioneers
Crowdfunding has grown increasingly popular thanks to the internet and the development of innovative peer to peer business models. However, tightening regulations and the need for compliance and confidentiality of data have underlined the importance of strong risk management.
Elmore’s crowdfunding insurance is designed to address the wide range of operational risks that a crowdfunding platform can experience in its day to day operations.
Elmore Crowdfunding Platform 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.
Elmore Crowdfunding Insurance:
Crowdfunding Platform Insurance Explained
Elmore has created a comprehensive insurance policy for crowdfunding platforms that provides, under one policy, all the key fintech insurances.
To ensure policy coverage is up-to-date and relevant, Elmore actively engages with key stakeholders to develop policies that meet the specific needs of crowdfunding platforms and can guide crowdfunding businesses on the different types of insurance for their business models and risks.
Elmore Crowdfunding Platform Insurance – Policy Coverage
A cobertura abaixo poderá ser combinada numa só apólice ou disponibilizada em apólices separadas:
Responsabilidade Civil Profissional (PI)
- PSD2 PII Endorsement
- Reivindicações de clientes
- Claims for failure of regulated services
- Reivindicações por falha tecnológica
Directors & Officers Liability
- Reivindicações de reguladores
- Reivindicações de accionistas
- Reivindicações de funcionários
- Reivindicações de outras partes interessadas
Cyber & Crime
- Gestão de eventos
- Gestão de reputação
- Perda financeira incluindo multas
- Responsabilidade Cyber
Seguro para Escritórios e Colaboradores
- Propriedade e equipamento
- Employers’ liability
- Responsabilidade pública
- Seguro de viagem
Multinational Crowdfunding Platform Insurance Programme Management
When crowdfunding platforms expand and operate across different countries and jurisdictions, insurance must be tailored to specific needs. Elmore provides a global insurance programme through its worldwide network of established insurance partners. We can serve local requirements while ensuring a global perspective and better compliance through one centralised function.
Partner With Insurers – Embedded Insurance
With a captive audience and engaged users, why not embed insurance in existing services and offer additional value to customers? This will differentiate your offering and create a new income stream for the business.
Elmore delivers bespoke and innovative programmes for both consumer and business users. Please contact us to learn more.
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.
Crowdfunding Platform 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.
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.