Global insurance broker Willis, a division of WTW, has introduced FinTech Plus, a cutting-edge insurance product designed to address the unique challenges faced by financial technology (fintech) companies worldwide.
Developed in collaboration with FinTech specialists in the UK and US, FinTech Plus aims to support firms navigating complex regulatory landscapes and evolving risk environments. According to a recent announcement, the offering provides a streamlined approach to coverage, featuring a unified proposal form and standardized wording to simplify the insurance process.
Tailored to support businesses at various stages of growth, FinTech Plus covers critical financial and cyber risks. It draws on the expertise of a select panel of Lloyd’s syndicates and London-based insurers renowned for their sector-specific insights and flexibility.
The launch reflects a broader trend within the insurance industry to adapt to the fast-paced digital finance sector, where traditional insurance models often struggle to keep pace. Anthony Rapa, FinTech industry leader for North America at Willis, emphasized that the product’s development was driven by international collaboration and deep sector understanding.
Targeted at senior leaders, including C-suite executives, founders, and risk managers, FinTech Plus aims to offer greater clarity and confidence in risk management, presenting what Willis describes as a “smarter way to approach risk.”
