comprehensive Fintech solutions

Our team of experts works with the most trusted and experienced global insurance providers in the fintech sector, offering tailored coverage across the full spectrum of financial technology businesses. This includes companies operating in payments, neobanks, wealthtech, lendtech, insurtech, and open banking, as well as digital asset platforms, crypto exchanges, regtech, embedded finance providers, robo-advisors, crowdfunding platforms, buy-now-pay-later (BNPL) firms, and blockchain infrastructure companies. 

Our partners bring a deep understanding of the diverse and evolving risks across the fintech ecosystem, and are equipped with the regulatory expertise and licensing capabilities to provide seamless, cross-border insurance solutions. 

Whether your business operates in Cyprus, throughout the European Union, in the United Kingdom, or in other international markets, our partners are well-positioned to deliver comprehensive protection tailored to your unique operational and regulatory landscape. 

Comprehensive Fintech insurance policies usually offer the following covers:

 1. Professional Indemnity Insurance

 Covers claims arising from: 

• Errors/negligence
   
• Breach of privacy/confidentiality
   
• IP infringement
   
• Dishonest employees
   
• Libel/slander
   
• Data loss (non-malicious)
   
• Regulatory failings (e.g. PSD2 compliance)
   
• Service provider errors

Cover also includes

• Crisis management costs related to data incidents
   
• Legal costs for regulatory investigations

 2. Directors & Officers (D&O) Liability 

 Covers individual directors and officers for: 

• Wrongful acts
   
• Regulatory investigations
   
• Pre-claim inquiries
   
• Employment wrongful acts
   
• Extradition
   
• Derivative actions
   
• Securities claims
   
• Company reimbursement if the business indemnifies them

 3. Theft (Clause 3.3) 

Covers:

• Theft of money/financial instruments by employees or third parties (including cyber theft)
   
• System & data rectification after theft
   
• Crisis management costs linked to electronic theft

4.  Comprehensive Cyber Liability & First Party Costs 

 Covers first-party and third-party losses from cyber incidents, including: 

• Privacy/cyber claims (malicious cyber)
   
• Regulatory investigations (e.g. GDPR)
   
• PCI DSS violations
   
• Data breach notifications & mitigation
   
• System/data rectification
   
• Business interruption due to cyber events or system failure
   
• Extortion costs (e.g. ransomware)

Extensions of cover:

 The following cover enhancements are available: 

• Automatic cover for small acquisitions
   
• Extra limits for non-executive directors
   
• Continuous cover for known issues (if certain conditions are met)
   
• Employee indemnification
   
• Extended reporting period post-policy
   
• Joint venture liability
   
• Mitigation costs before claims materialize
   
• Public relations support after reputational events

• Cyber-specific extensions (Crypto-jacking, Bricking, Telecommunications fraud, Regulatory or voluntary shutdowns, Cybercrime reward coverage)