Fintech | Insurtech | Platform technologies | Mobile payments | Enterprise applications | Infrastructure, data & analytics | AI technologies | Risk & compliance
If you’re using technology to automate processes in the financial services industry, you need fintech insurance that’s as cutting edge as you are. This can help to bulletproof your business from a myriad of risks and safeguard your and your investors’ interests.
As fintech insurance specialists, La Playa offers your business protection with a comprehensive range of fintech insurance policies. Because we understand the way fintechs operate, we can help you control your ever-evolving tech, liability and regulatory risks.
Our fintech insurance clients typically face challenges with:
Do these issues resonate with you? Let’s talk!
You need expert advice readily at hand and a fine-tuned insurance portfolio that allows you to focus on business growth, rather than being distracted by crisis management and trouble-shooting.
Having the right insurance coverage in place also builds confidence and enhances your investor attraction, promoting business growth and sustainability. Our policies at La Playa are specially designed to give peace of mind by eliminating uncertainty both for you and for your stakeholders - from start-up to exit.
Financial technology has witnessed more progress in the last decade than in the past hundred years. The rapid growth of mobile transaction technology and cutting-edge innovation in AI is ushering in new ways of conducting business and managing personal finances.
As a result, a raft of new fintech companies have emerged, creating a fierce, competitive environment in which everyone is looking to revolutionize the finance world. Unfortunately, this revolution comes with a new set of risks. From technology failure, ransomware and data breaches to IP infringement, cyber liability and regulatory issues, fintech companies are seriously exposed as they navigate the finance space and integrate new technologies at pace.
This increases the need for intelligently designed, reliable fintech insurance. Comprehensive insurance cover can protect you from a manifold of risks, including errors and omissions, workers’ comp, management liability and general liability.
It can be tempting to cut corners on fintech insurance to save money on operating costs, especially if you’re a startup company. However, with the pace of change and rapidly evolving regulation, your enterprise could face significant problems without the right insurance policies in place.
Fintech exposes you to serious lawsuits that can be both costly and an enormous drain on management time and focus. Our team at La Playa will take time to understand your business and its specific risks, design a policy that ensures you’re covered and advise you on risk management within your regulatory environment.
Tech-based business is 24/7, global and borderless, always 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.
Finding an insurance brokerage that protects your interests as a fintech and meets your needs and expectations can be challenging. A standard tech insurance policy is unlikely to provide the protection you need. At La Playa, our expert team specializes in insuring and advising fintech clients. You can feel more confident when you make a claim because of:
Some of the coverage you’ll need to consider as a fintech company includes:
Get in touch with us for your fintech insurance application form. We’ll carry out an in-depth analysis of your insurance needs, now and in the future, and develop tailored solutions that protect your business as it grows.
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For smart technology insurance, you don't get much smarter.
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.