Willis unveils new insurance product for fintech companies

GlobalData

Tue, May 13, 2025, 4:41 AM 1 min read

Willis, a WTW business, has launched FinTech Plus, an security solution designed specifically for fintech companies facing challenges related to scale, complexity and regulatory changes.

The solution has been jointly developed implicit the past 12 months by Willis' fintech leaders successful the UK and the US.

It is supported by a prime radical of Lloyd’s syndicates and London-based insurers recognised for their expertise successful the sector.

FinTech Plus provides a sum bundle that includes directors and officers liability, employment practices liability, nonrecreational liability, crime, and cyber lawsuit nonaccomplishment and concern interruption.

The nonrecreational liability sum encompasses fiscal institutions nonrecreational indemnity and exertion errors and omissions.

The sum does not widen to regulatory fines and penalties unless permitted by law, stated WTW.

Specifically for UK and EEA policyholders, FinTech Plus offers reinstatement for relationship accusation work providers and outgo initiation work providers successful accordance with the Payment Services Regulation 2017 (PSD2).

The argumentation limits commencement astatine GBP/USD/EUR 1 cardinal for policyholders.

Willis North America fintech manufacture person Anthony Rapa said: “FinTech Plus is simply a testament to our forward-looking attack successful FinTech hazard absorption and the spot of our transatlantic collaboration.

“By uniting expertise from some sides of the Atlantic and moving with agile, specializer insurers, FinTech Plus is simply a solution that allows FinTech leaders to innovate fearlessly, with extortion designed for however they really operate.

“Built for C-suite executives, founders and hazard professionals – FinTech Plus delivers clarity, assurance and a smarter mode to attack risk."

"Willis unveils caller security merchandise for fintech companies" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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