FinTech Insurance
FinTech Insurance
As the FinTech industry continues to grow, so do the challenges that the sector faces. Technology and supplier risks, spanning networks, systems, data, the cloud, and outsourced services all require careful attention as does the ever-growing demands of regulatory requirements making Fintech Insurance a critical need for your business.
What is Insurance for FinTech Companies?
Financial Technology (FinTech) Insurance can be complex and is usually not adequately covered by traditional insurance policies.
Having the right cover in place is essential and having a team of Fintech specialists to work with you to provide a bespoke insurance solution, designed for FinTech companies is where we will add value. We have extensive experience in placing insurance covers in this sector and will ensure we support you throughout the lifecycle of your policy.
FinTech Insurance Solutions
Financial Technology Insurance (FinTech) is often a complicated cover, the sector rapidly changes and as such requires covers that will safeguard all your business liabilities as you operate and grow. We can provide Insurance for all your business activities including:
- PSD2 compliant Insurance for regulated firms
- Professional Liability
- Directors and Officers
- Cyber Insurance
- Theft of Funds
Will my FinTech Insurance cover me in the USA?
Subject to the parent company being UK based, we can offer subsidiary cover for your US and Canada operations. Please speak with a member of our technology team for further details
Can I adjust my FinTech Policy during the Policy Term?
We totally understand the sector and that things may change during the policy term. As such changes can be made to suits changing circumstances.
Why Choose Konsileo for Your FinTech Insurance?
Here at Konsileo we have a specialist, dedicated Technology team who service the Technology sector only. Our expertise provides us with a total understanding of the risks and operations faced daily by your FinTech business.
Speak directly with a member of our Technology team who can answer any questions you may have regarding your business insurance needs, call us today.
Konsileo is a Gold Partner of Sci-Tech Daresbury
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Frequently asked questions
Fintech Insurance is suitable for payment providers, digital banks, lending platforms, wealth management firms, cryptocurrency businesses, regtech companies, insurtech providers, embedded finance businesses and other financial technology organisations.
A Fintech Insurance policy can include Professional Indemnity Insurance, Cyber Insurance, Directors' and Officers' (D&O) Insurance, Employers' Liability Insurance, Public Liability Insurance, Crime Insurance and Business Interruption cover.
Yes. Fintech Insurance is ideal for start-ups as well as established financial technology businesses. It provides protection while your business develops new products, secures investment, signs commercial contracts and grows its customer base.
Many policies include legal expenses or specialist extensions that can help with certain regulatory investigations, defence costs and compliance-related claims, depending on the insurer and policy wording.
Premiums are influenced by factors including business size, annual revenue, services provided, cyber security controls, claims history, funding stage, regulatory exposure, the volume of customer data handled and the level of cover selected.
Yes. Policies can be customised to reflect the specific risks faced by your fintech business, whether you specialise in payments, lending, digital banking, blockchain, wealth management, embedded finance or software development.