Insurtech insurance
Frictionless, full-stack insurance from a like-minded broker. We get it, like no one else.
We insure the world’s innovators
Some of the covers we offer insurtech companies include
Professional indemnity
Covers your liability to pay compensation and legal costs in relation to errors or omissions in the professional services you offer clients.
Cyber insurance
Covers your liability for processing data and costs associated with a data breach or security failure.
Directors' and officers' insurance
Covers claims made personally against your company’s directors or officers in connection with wrongful acts.
Welcome to a frictionless, digital-first insurance journey
Benefit from a custom-built digital journey that makes buying and managing your insurance frictionless, intuitive and transparent.
- On average, our clients can source quotes 60% quicker using our digital application forms
- With our dedicated customer portal you'll find everything you need, accessed in one place. Take a look for yourself:
Work with a team who know your business as well as you do
Dedicated customer portal and digital application forms
Expert tech-led broking team and 5* claims
Once again Superscript made the renewal process painless. Their understanding of the needs of an insurtech startup is hugely beneficial and saves a great deal of time and energy for fast moving businesses like ours.
Nimba
Insurtech insurance FAQs
What is an insurtech?
An insurtech is a hybrid company that mixes the various types of insurance with innovative technology. It's often classified as a sub-set of fintech.
Why do insurtechs need bespoke insurance?
Like many emerging businesses at the intersection of technology and industry, insurtech businesses aren’t likely to find all of their exposures covered in a single policy.
For instance, traditional insurance broker or company policies won’t necessarily cover liability arising from the failure of technology, sub-contractor liability or intellectual property infringement.
On the other hand, tech E&O insurers aren’t likely to cover exposures from the provision of insurance products or provide comprehensive regulatory investigations coverage.
What are the risks that insurtech business face?
Insurtechs can face a myriad of risks, like any other cutting-edge industry. For example, regulatory compliance challenges, cyber threats, data privacy concerns and the need for continuous innovation to stay ahead of the curve in a rapidly evolving industry.
How much does insurtech insurance cost?
Just like any other business insurance product that your company needs to purchase, many factors will determine the premium your company will have to pay for insurtech insurance:
- Claims history
- Company revenue
- Limit choice
- Level of excess
- Location
- Business activities (i.e. type of insurance offering).
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Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk.
