Global insurance broker Willis, a WTW business, has launched FinTech Plus, a new insurance product aimed at the evolving needs of financial technology companies worldwide.
The solution, developed collaboratively by Willis FinTech specialists in Great Britain and the United States, is designed to support firms as they scale and face increasingly complex risk and regulatory environments, according to a news release. It offers unified protection through a simplified structure - featuring a single proposal form and wording - to streamline access to insurance.
FinTech Plus is tailored to accommodate firms at various growth stages and business models. Its coverage includes key areas of financial and cyber risk, delivered by a curated panel of Lloyd’s syndicates and London-based insurers known for their sector specialisation and adaptability.
“FinTech Plus exemplifies Willis’ commitment to innovation and our alignment across the global network,” said Trenton McNee, fintech and digital assets industry leader for Great Britain. “Working closely with our US counterparts, we combined deep industry insight with Willis’ worldwide insurer partnerships to craft a truly dynamic solution, one that anticipates tomorrow’s risks and supports fintech pioneers on their journey to scale.”
The offering reflects a broader trend within the insurance sector to respond to the dynamic nature of digital financial services, where traditional models often fall short, the company highlighted. Anthony Rapa, fintech industry leader for North America at Willis, noted that the product is shaped by international collaboration and insight.
“FinTech Plus is a testament to our forward-looking approach in fintech risk management and the strength of our transatlantic collaboration,” said Rapa. “By uniting expertise from both sides of the Atlantic and working with agile, specialist insurers, FinTech Plus is a solution that allows fintech leaders to innovate fearlessly, with protection designed for how they actually operate.”
The product targets senior leadership—C-suite executives, founders, and risk managers—providing what Willis describes as greater “clarity, confidence, and a smarter way to approach risk.”
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