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This is a group to disucss all elements of insurance for fintechs, their customers and their ecosystems. Insurance is the main way for Fintechs to reduce the financial impact of a risk materialising. Running a business involves a certain amount of risk. Whether it’s the loss of equipment, risk of liability to a 3rd party or the risk of cyber-crime, all these incidents (and many more) will have a financial impact on a business if they occur. The insurance industry exists to help business manage risk and pay for losses.
Think of an athlete attempting to beat a ‘personal best’, or someone scaling a mountain. Both are individual challenges. In the business world, we’re now used to hearing about another type of challeng...