{"id":859339,"date":"2025-06-11T03:04:50","date_gmt":"2025-06-11T07:04:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/markel-launches-insurtechrisk-product-for-insurtech-businesses\/"},"modified":"2025-06-11T03:04:50","modified_gmt":"2025-06-11T07:04:50","slug":"markel-launches-insurtechrisk-product-for-insurtech-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/markel-launches-insurtechrisk-product-for-insurtech-businesses\/","title":{"rendered":"Markel launches InsurtechRisk+ product for insurtech businesses"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">LONDON<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 11, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its InsurtechRisk+ product for insurtech businesses.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2706535\/Markel_Nick_Rugg.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2706535\/Markel_Nick_Rugg.jpg\" title=\"Nick Rugg, Head of Fintech and Investment Management Insurance at Markel International\" alt=\"Nick Rugg, Head of Fintech and Investment Management Insurance at Markel International\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The InsurtechRisk+ package contains four insuring clauses \u2013 insurance services and technology liability, directors and officers (D&amp;O) liability, crime, and cyber liability and loss cover, which offer protection for UK, <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Asia<\/span> and <span class=\"xn-location\">Canada<\/span> domiciled businesses with limits up to GBP \u00a310 million.\u00a0<\/p>\n<p>Akin to the organisation&#8217;s existing <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4445169-1&amp;h=3524639898&amp;u=https%3A%2F%2Fwww.markel.com%2Finternational%2Flondon%2Fprofessional-and-financial-risk%2Ffintech%3Futm_source%3Dpress-release%26utm_medium%3Dtext%26utm_campaign%3Dinsurtech-pr&amp;a=FintechRisk%2B\" target=\"_blank\" rel=\"nofollow\">FintechRisk+<\/a> product, insureds taking out InsurtechRisk+ will have access to various value-add services, including: 24\/7 business, legal and employment advice; R&amp;D tax advisory; debt recovery support; grant and funding assistance; contract reviews and a cyber risk toolkit, which are free to use anytime during the policy.\u00a0<\/p>\n<p>The four insuring clauses, combined with these value-add risk management services, will help insurtech businesses navigate the complex landscape of cyber threats, crime and financial liabilities. Markel&#8217;s offering avoids the risk of having gaps in cover through having different policies with multiple insurers, providing a cost-effective, &#8216;one-stop-shop&#8217; solution for clients so that they can concentrate on growing their businesses.<\/p>\n<p>\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4445169-1&amp;h=1659759793&amp;u=https%3A%2F%2Fwww.markel.com%2Finternational%2Four-people%2Fnick-rugg%3Futm_source%3Dpress-release%26utm_medium%3Dtext%26utm_campaign%3Dinsurtech-pr&amp;a=Nick+Rugg\" target=\"_blank\" rel=\"nofollow\"><br \/>\n          <span class=\"xn-person\">Nick Rugg<\/span><br \/>\n        <\/a>, Head of Fintech and Investment Management Insurance at Markel, commented: &#8220;The cyber risk landscape has evolved since we launched our first Insurtech policy, with the emergence of more advanced attacks from threat actors utilising AI tools\/technology to infiltrate company networks, impersonate senior personnel and steal confidential data and funds.&#8221;<\/p>\n<p>He expands: &#8220;Our newly created InsurtechRisk+ policy provides superior cover, reflecting the many cyber exposures that insurtech companies face today and our continued dedication to providing bespoke risk management and transfer solutions for our insurtech\/fintech insureds, backed by an award-winning claims team.<\/p>\n<p>&#8220;Another key goal in launching InsurtechRisk+ is to offer best-in-class cover alongside risk management solutions that go beyond typical post-loss assistance for policyholders. We want to disrupt traditional insurance products as well as how customers view the role of the insurer as only helping clients after an incident has taken place.&#8221;<\/p>\n<p>Rugg concludes: &#8220;I&#8217;m looking forward to rolling out this cover for our insurtech businesses, together with the value-add services that have been tailored with their needs in mind.&#8221;<\/p>\n<p>\n        <b>About Markel Insurance<\/b><br \/>\n        <br \/>We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people \u2013 and the deep, valued relationships they develop with colleagues, brokers and clients \u2013 that differentiates us worldwide.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2090808\/Markel_primary_logo_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2090808\/Markel_primary_logo_Logo.jpg\" title=\"Markel logo (PRNewsfoto\/Markel)\" alt=\"Markel logo (PRNewsfoto\/Markel)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH06141&amp;sd=2025-06-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/markel-launches-insurtechrisk-product-for-insurtech-businesses-302478049.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/markel-launches-insurtechrisk-product-for-insurtech-businesses-302478049.html<\/a><\/p>\n<p>SOURCE  Markel<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH06141&amp;Transmission_Id=202506110300PR_NEWS_USPR_____PH06141&amp;DateId=20250611\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LONDON , June 11, 2025 \/PRNewswire\/ &#8212; Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its InsurtechRisk+ product for insurtech businesses. The InsurtechRisk+ package contains four insuring clauses \u2013 insurance services and technology liability, directors and officers (D&amp;O) liability, crime, and cyber liability and loss cover, which offer protection for UK, Europe, Australia, Asia and Canada domiciled businesses with limits up to GBP \u00a310 million.\u00a0 Akin to the organisation&#8217;s existing FintechRisk+ product, insureds taking out InsurtechRisk+ will have access to various value-add services, including: 24\/7 business, legal and employment advice; R&amp;D tax advisory; debt recovery support; grant and funding assistance; contract reviews and a cyber risk toolkit, which are free to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/markel-launches-insurtechrisk-product-for-insurtech-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Markel launches InsurtechRisk+ product for insurtech businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-859339","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Markel launches InsurtechRisk+ product for insurtech businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/markel-launches-insurtechrisk-product-for-insurtech-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markel launches InsurtechRisk+ product for insurtech businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LONDON , June 11, 2025 \/PRNewswire\/ &#8212; Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its InsurtechRisk+ product for insurtech businesses. The InsurtechRisk+ package contains four insuring clauses \u2013 insurance services and technology liability, directors and officers (D&amp;O) liability, crime, and cyber liability and loss cover, which offer protection for UK, Europe, Australia, Asia and Canada domiciled businesses with limits up to GBP \u00a310 million.\u00a0 Akin to the organisation&#8217;s existing FintechRisk+ product, insureds taking out InsurtechRisk+ will have access to various value-add services, including: 24\/7 business, legal and employment advice; R&amp;D tax advisory; debt recovery support; grant and funding assistance; contract reviews and a cyber risk toolkit, which are free to &hellip; Continue reading &quot;Markel launches InsurtechRisk+ product for insurtech businesses&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/markel-launches-insurtechrisk-product-for-insurtech-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-11T07:04:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2706535\/Markel_Nick_Rugg.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Markel launches InsurtechRisk+ product for insurtech businesses\",\"datePublished\":\"2025-06-11T07:04:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/\"},\"wordCount\":448,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2706535\\\/Markel_Nick_Rugg.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/markel-launches-insurtechrisk-product-for-insurtech-businesses\\\/\",\"name\":\"Markel launches InsurtechRisk+ product for insurtech businesses - 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