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Trusted by 40,000+ businesses & founders, upcover delivers comprehensive insurance solutions designed specifically for financial technology risks, with coverage that evolves as your fintech business grows!
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Navigating the digital lending landscape demands more than just innovation; it requires robust safeguards against unique challenges in peer-to-peer and alternative lending markets. Our specialized coverage protects your lending platform against the evolving risks of automated credit decisions and regulatory compliance.
Our global insurance partners offer your business:
A peer-to-peer lending platform's AI algorithm incorrectly assesses creditworthiness, leading to higher default rates than projected. Investors file claims for misrepresentation, and regulatory authorities launch an investigation into automated underwriting practices.
Our insurance partners offer credit risk protection covering algorithmic errors in assessment, including investor compensation, regulatory defense costs, and platform reputation management — helping lending platforms continue operations with confidence.
An alternative lending startup fails to comply with Truth in Lending Act requirements, resulting in CFPB fines and required borrower refunds. The compliance failure triggers investor concerns and potential funding issues.
Our insurance partners provide regulatory compliance coverage protecting against lending law violations, including fines, borrower refunds, and legal defense costs — enabling lending platforms to navigate regulatory challenges effectively.
Payment processors handle billions in transactions daily, facing constant threats from fraud, data breaches, and system failures. Our comprehensive coverage ensures your payment infrastructure remains protected against the complex risks of digital commerce.
Our global insurance partners offer your business:
A payment processor experiences a security breach exposing customer credit card data, resulting in PCI DSS violations, regulatory fines, customer notification costs, and potential lawsuits from affected merchants and cardholders.
Our insurance partners offer data security protection covering breach response costs, PCI compliance fines, customer notification expenses, and legal defense against payment data breach claims — helping payment processors maintain trust and operations.
A critical system failure during peak shopping season causes payment processing outages for thousands of merchants, resulting in lost sales, customer complaints, and demands for compensation from affected businesses.
Our insurance partners provide system downtime coverage protecting against business interruption losses, merchant compensation claims, and emergency system recovery expenses — enabling payment processors to weather operational challenges.
Personal finance apps and robo-advisors manage millions of users' financial data and investment decisions. Our specialized coverage protects against the unique risks of automated financial advice, data privacy, and fiduciary responsibilities.
Our global insurance partners offer your business:
A robo-advisor's algorithm malfunctions during market volatility, making inappropriate high-risk investments for conservative portfolios, causing significant losses for thousands of users who file compensation claims.
Our insurance partners offer investment advisory liability protection covering client losses from algorithmic errors, legal defense costs, and regulatory investigations — helping wealth management platforms maintain client trust and regulatory standing.
A personal finance app suffers a data breach exposing users' bank account information, spending habits, and financial goals, leading to privacy lawsuits, regulatory fines, and massive user churn.
Our insurance partners provide financial data protection covering breach response, user notification, credit monitoring, and privacy lawsuit defense — enabling personal finance platforms to recover from data incidents effectively.
Insurance technology companies face unique regulatory challenges while disrupting traditional insurance models. Our meta-coverage protects insurtech platforms against the specific risks of digital insurance distribution and automated underwriting.
Our global insurance partners offer your business:
An insurtech company's AI pricing algorithm is found to discriminate against protected classes, resulting in state insurance department investigations, civil rights lawsuits, and requirements to modify their entire underwriting system.
Our insurance partners offer automated underwriting liability protection covering discriminatory algorithm claims, regulatory penalties, and system remediation costs — helping insurtech companies navigate algorithmic compliance challenges.
A digital insurance platform expands rapidly without proper licensing in several states, leading to cease and desist orders, customer policy cancellations, and significant fines from multiple state insurance departments.
Our insurance partners provide insurance regulatory compliance coverage handling multi-state licensing violations, regulatory fines, and customer notifications — enabling insurtech platforms to achieve compliant expansion.
PropTech and mortgage technology platforms revolutionize real estate transactions but face complex regulatory environments and high-value liability exposure. Our coverage protects against the unique risks of digital real estate services.
Our global insurance partners offer your business:
A PropTech platform's automated valuation model significantly overvalues properties in a specific market, leading to inflated home purchases, buyer losses when properties can't be refinanced, and lawsuits against the platform.
Our insurance partners offer property data accuracy protection covering valuation errors, buyer compensation claims, and legal defense costs — helping PropTech platforms maintain market confidence and operational integrity.
A mortgage tech company's digital closing platform experiences a critical failure during peak home buying season, causing transaction delays, missed rate locks, and buyer/seller compensation claims for failed closings.
Our insurance partners provide transaction platform liability coverage handling system failure impacts, including transaction delay compensation and emergency system recovery — enabling mortgage tech companies to deliver reliable closing services.
Digital banks and cryptocurrency exchanges operate in highly regulated environments while managing significant financial assets. Our comprehensive coverage protects against the unique risks of mobile banking, peer-to-peer payments, and digital asset trading platforms.
Our global insurance partners offer your business:
A digital asset exchange suffers a sophisticated cyber attack resulting in significant cryptocurrency theft, customer fund losses, regulatory investigations, and platform credibility damage requiring extensive security overhauls.
Our insurance partners offer exchange security protection covering digital asset theft, customer fund reimbursement, and regulatory compliance costs — helping cryptocurrency exchanges maintain customer trust and regulatory standing.
A digital bank's mobile platform is compromised, exposing customer banking information and allowing unauthorized transactions, leading to regulatory fines, customer lawsuits, and required security infrastructure rebuilding.
Our insurance partners provide digital banking liability coverage handling data breach response, unauthorized transaction reimbursement, and regulatory penalties — enabling digital banks to recover from security incidents effectively.
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