MARKEL
“ Try and meet with your insurer, build a relationship,” Nick advises fintech companies seeking coverage.“ It builds trust and we do see ourselves as that long-term partner for these companies.”
Markel’ s territorial expansion has supported international fintech growth, with offices across Canada, Asia, Australia, the Middle East and Europe working with local regulators to ensure policy compliance. The company has engaged with regulators, including the Bank of Spain and the Bank of Lithuania, to adapt its offering for different jurisdictions.
“ We work very closely with those local offices and we’ ve worked with local regulators to make sure we can offer an insurance policy that is compliant with their own regulations,” Nick explains.
After a decade supporting fintech companies through multiple market cycles, regulatory changes and technological developments, Markel has established itself as a specialist partner for an industry that continues to reshape financial services.
“ We can be really proud of the fact that we did step forward initially when nobody else was stepping forward,” Nick concludes.“ We’ ve constantly tried to adapt and find ways to support an industry and we look forward to continuing to do that for the next 10 years and beyond.”
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