Markel launches FintechRisk+ in Australia

Markel has introduced its FintechRisk+ product in Australia, expanding its modular fintech insurance offering to a new market.

The product targets medium to large fintech companies and bundles multiple coverages into a single policy, including professional indemnity, directors and officers liability, cyber, and theft. A built-in cyber component provides access to breach response services through a 24/7 support network.

FintechRisk+ builds on a product first launched in the London market in 2016 and later expanded across Europe, Canada, and Asia, where Markel reports significant growth in its fintech portfolio. The Australian rollout is part of the company’s broader financial institutions strategy and reflects a push to bring its global specialty capabilities into local markets.

Australia’s fintech sector, with more than 800 companies and strong projected growth, represents a key opportunity for specialty insurers looking to package liability and cyber risks into modular offerings.