Fintech I Insurtech I Platform technologies I Crypto currencies I Mobile payments I Enterprise applications I Infrastructure, data & analytics I AI technologies I Risk & compliance
The advent of Fintech has disrupted archaic markets, flustered regulators and created a brave new world of risk for its participants, so make sure you are covered with Fintech Insurance.
From smart wallets and financial software to next-generation algorithms, we’ve got you covered. Whatever region of the Fintech universe you occupy, let us help you bullet-proof your business to control risk, build confidence and enhance your investor attraction.
The promise of Fintech is plain to see. But working in this new environment exposes you to new types of risk where specialist insurance solutions are a prerequisite. Heavy reliance on data, technology and infrastructure, changes in regulatory structures and the shadowy threat of cyber risks heap unpredictability and uncertainty on any new entrant to this space.
Starting-up? Let us provide a free Enterprise Risk Review; an in-depth analysis of your insurance needs, now and in the future – tailored to your business, and fully-costed to present to your investors.
Fintech Cyber Risks Insurance
The EU’s General Data Protection Regulation (GDPR) carries profound risk and insurance implications for UK businesses. After its enforcement in 2018, a breach of the regulations could be crippling. It’s not just about regulatory investigations and lawsuits from customers – a data breach can also leave you facing:
• Enforced breach notification costs
• Fines & penalties up to €20m or, if larger, 4% of global turnover
• Loss of revenue (e.g. Denial of Service attack prevents trading)
• Reputational ruin
If you don't already have Fintech Cyber Insurance, now is the time!
Vicky E., Linguamatics
Specialist & Independent
La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your business.
We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof
Advice You Can Trust
…from an expert who understands you
Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.