Markel Launches InsurtechRisk+ Covering UK, Europe, Asia, Canada

Markel Insurance has launched InsurtechRisk+, a new insurance product specifically designed to meet the complex risk management needs of insurtech firms across the UK, Europe, Australia, Asia, and Canada. The product offers comprehensive coverage including insurance services and technology liability, directors and officers liability, crime, and cyber liability with policy limits up to £10 million. InsurtechRisk+ also includes a suite of value-added services such as 24/7 business, legal, and employment advice, R&D tax advisory, debt recovery support, grant assistance, contract reviews, and a cyber risk toolkit. This launch reflects Markel’s commitment to supporting fast-growing technology sectors and aligns with the surge in new tech company formations, especially in the UK, driven by advancements in AI and digital infrastructure. Industry experts view this as a strategic move by Markel to capture a growing market segment by providing tailored risk solutions that could enhance client retention and drive revenue growth. The product builds on Markel’s previous fintech offerings and addresses the evolving cyber risk environment faced by insurtech companies today.