How CFC is adapting to the evolving landscape of financial technology , balancing innovation with risk management
CFC
How CFC is adapting to the evolving landscape of financial technology , balancing innovation with risk management
In London , CFC has established itself as a specialist insurer , providing insurance solutions for emerging technologies . With a focus on the fintech sector , CFC has positioned itself as a leader in understanding and mitigating the risks faced by financial technology companies .
Steve Bowers serves as Fintech Development Manager at CFC . His role encompasses both client engagement and technical underwriting .
“ I ’ m responsible for all of our global broker engagements from a fintech perspective ,” Steve states . “ But that ’ s not all – I ’ m also a full-time underwriter , diving into fintech risks daily , providing and issuing policies .”
This two-pronged role enables Steve to effectively bridge the gap between client needs and technical underwriting , ensuring CFC ’ s products remain relevant and competitive in a rapidly changing landscape .
Since Steve joined CFC in 2017 , the company has expanded significantly . The team has grown from 200 to more than 1,000 employees , reflecting the increased demand for specialised insurance products in the fintech sector .
“ We ’ re not just selling policies ,” Steve notes . “ We ’ re providing market-leading solutions , backed by great service ,
competitive pricing and a claims service that goes above and beyond . It ’ s the whole package that sets us apart .”
Of course , serving the fintech insurance sector doesn ’ t come without its challenges . A primary concern is the evolving regulatory landscape , which requires continuous monitoring and adaptation .
Steve describes this challenge : “ It ’ s a bit like trying to hit a moving target . We might craft a policy that ’ s perfect
4 cfc . com