What we offer
It was only a matter of time before the technology sector took insurance under its wing, with studies now reporting that the global Insurtech market is growing at a compound annual growth rate (CAGR) of 34.4%. At Protean, we recognise that investment is flooding into the Insurtech space as a result, with the global Insurtech marketplace worth a potential £90bn by 2027.
Protean have a proven reputation of helping firms within emerging markets mitigate their operational risks through developing bespoke insurance solutions. This enables companies to focus on growth whilst feeling confident that they have mitigated their exposures through a tailored insurance policy.
We utilise our expert industry knowledge to understand Insurtech operators, so we can assess the potential threats to the business, subsequently creating a go-to-market strategy to ensure we obtain a unique insurance programme to help meet their requirements. We can arrange insurance solutions that are designed to meet operational risk exposures whether it be service errors, a technical failure of the platform, a managerial error or internal theft/fraud to an external hack/fraud and many more.
If you are a newly formed or established business involved in Insurtech and would like to discuss a quotation for an Insurtech insurance policy, please contact a member of the team.
What our clients say
The team at Protean Risk were able to give expert advice and demonstrate an in-depth knowledge of the IFA insurance market which allowed us to save money and retain our current insurer. It is very appealing to work with a broker that matches our own profile and has similar values in relation to client service. We would highly recommend them
When I was having difficulty in renewing my PI Policy I was put in touch with Julian and his team from Protean Risk by a colleague and I cannot speak highly enough of the levels of service that we received from them together with the competitive nature of both their premium and the quote. My PI cover was sorted in a matter of days and it was a very seamless process. I would have no hesitation in recommending them to any other Financial Planners.
Protean Risk took the time and trouble to really understand our needs and to help us correctly present ourselves to obtain the most suitable and cost effective insurance.
Julian Brincat guided us through the application process and made sure we understood where additional detail could add value and where it was less necessary so that our time was spent in the most effective way.
Protean Risk's understanding of us as a firm was much appreciated by ourselves and our underwriter and meant that we were able to obtain competitive terms quickly.
We originally worked with Protean Risk on our PII cover and they impressed us with their knowledge and support. As a result, we decided to trust them with our Employee Benefits for Group Death in Service and Group Critical Illness, and more recently, Private Medical Insurance. We haven’t looked back – we, and our staff, are in a better position both in terms of service and costs. They took on board all our needs and dealt with any issues promptly and efficiently with minimum fuss, whilst maintaining personal contact and transparency throughout. We are extremely happy to recommend Protean Risk.
Protean helped us make a substantial saving on the insurance renewal terms put forward by our existing broker, offering like for like coverage. At the outset the team at Protean took the time to understand our business and ensure it was accurately represented to insurers. Protean’s use of an open-market strategy which is not restricted to a scheme has given us choice and delivered a very good result. We would certainly recommend them.
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