Fintech Insurance

Fintech Insurance

Fintech I Insurtech I Platform technologies I Mobile payments I Enterprise applications I Infrastructure, data & analytics I AI technologies I Risk & compliance I PISPs I AISPs

It's vital Fintech businesses seek specialist insurance advice and protection. The promise of Fintech is plain to see - but working in this new environment exposes you to new types of risk. Heavy reliance on data, technology and infrastructure, changes in regulatory structures (including PSD2) and the shadowy threat of cyber risks heap unpredictability and uncertainty on any new entrant to this space.  

PISPs/AISPs: is your Professional Indemnity Insurance PSD2 compliant? Click here to find out more.

The advent of Fintech has disrupted archaic markets, flustered regulators and created a brave new world of risk for its participants. 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.

What if…?

  • Your technology fails, leaving customers up in arms?
  • Your network gets hacked, compromising users’ data?
  • The regulator kicks off an investigation into your activities?
  • cyber attack hits your revenues?
  • A hacker tries to extort money from you by threatening a denial of service attack?
  • Your C-suite faces legal action from disgruntled shareholders or investors?

Need a quote?

Our Fintech Insurance policy is built around a core of Professional Indemnity Insurance, with three additional options for:

  • Directors and Officers Liability - protecting your board against ruinous personal liability
  • Theft of money and other financial instruments 
  • Cyber liability - protection in the event of a network security incident

Contact Hanna Beaumont or Matthew Clark for an application form today. 

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.

If you don't already have specialist Fintech Insurance, now is the time!

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“...just the thing we were looking for. [La Playa] understands customer service. A rare thing in the insurance world it seems. Thanks once again.”

Colin, Managing Director, Qros Ltd

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

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About La Playa Science & Technology

Specialist & Independent

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. 

In-house IFA

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.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture

Seamless insurance across UK and US

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

Photo from Science & Technology
Photo of Hanna Beaumont FIRM

Hanna Beaumont FIRM

DIRECTOR, CORPORATE

Direct Dial: +44 (0) 1223 200664

Mobile: +44 (0) 7795 473071

Email: hanna.beaumont@laplayainsurance.com

Twitter: @HannaBLaPlaya