Willis unveils new insurance product for fintech companies

From Yahoo Finance: 2025-05-13 07:41:00

Willis, a WTW business, introduces FinTech Plus, an insurance solution tailored for fintech companies dealing with scale, complexity, and regulatory changes. Developed by Willis’ fintech leaders in the UK and US, supported by Lloyd’s syndicates and London-based insurers, it covers various liabilities including cyber events and business interruption.

FinTech Plus includes directors and officers liability, employment practices liability, professional liability, crime, and cyber event loss coverage. Specifically for UK and EEA policyholders, it offers reinstatement for account information service providers and payment initiation service providers. Policy limits start at GBP/USD/EUR one million for policyholders.

Willis North America’s Anthony Rapa highlights FinTech Plus as a forward-looking solution for FinTech risk management. Collaboration from both sides of the Atlantic and working with specialist insurers allows for fearless innovation with tailored protection. Designed for C-suite executives, founders, and risk professionals, it provides clarity, confidence, and a smarter approach to risk management.

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