Insurtech
Partnering with companies at the forefront of groundbreaking legal and regulatory insurtech issues
Fenwick’s market-leading insurtech team guides innovative and pioneering insurtech companies through every stage of their growth, enabling them to form, fund, scale and prosper within the global insurance regulatory framework—oftentimes while navigating groundbreaking scenarios.
The team has a deep understanding of the legal and regulatory issues surrounding insurance and insurtech transactions that factors into counsel around key company milestones such as initial formation, financings (equity and debt) at all stages, growth and expansion, mergers and acquisitions, and exit events such as an initial public offering.
On regulatory matters, we collaborate with clients in structuring, drafting, negotiating and obtaining regulatory approval of operations and agreements, including unique and complex arrangements.
We represent clients in a range of agreements involving insurers, reinsurers, financial institutions, venture capital firms and corporate venture arms, brokers and insurance-based technology companies around the globe.
Fenwick’s Insurtech and Blockchain & Cryptocurrency practices leveraged our deep knowledge of the blockchain ecosystem and insurance industry to develop a new insurance solution for decentralized autonomous organizations (DAOs) and other crypto-native organizations that have been left out of traditional insurance markets. Fenwick assists DAOs in establishing this insurance solution, which we refer to as “REBA.” The REBA Solution utilizes a corporate structure that protects not only founders, directors, officers, and other key figures in DAO governance, but also tokenholders who participate in DAO governance.
- Multijurisdictional formation, authorization and licensing of insurers, reinsurers, captives, producers, agents, third-party service providers and brokers
- Regulatory compliance, including excess and surplus lines, prudential and transacting business issues
- Market conduct, conduct of business and sales practices advice
- Valuation and business plan assessment within regulatory compliance structures
- Guidance on the intersection of insurtech and artificial intelligence, machine learning and big data
- Insurance distribution arrangements, including through appointed representatives and coverholders
- Sale of insurance products through banking and other institutions
- App-based and data-driven insurance solutions
- Product development and policy wordings
- Insurance business transfers
- Corporate governance and directors' duties
- Privacy, data protection, information security and compliance with US privacy laws and GDPR
- Multijurisdictional formation, authorization and licensing of insurers, reinsurers, captives, producers, agents, third-party service providers and brokers
- Regulatory compliance, including excess and surplus lines, prudential and transacting business issues
- Market conduct, conduct of business and sales practices advice
- Valuation and business plan assessment within regulatory compliance structures
- Guidance on the intersection of insurtech and artificial intelligence, machine learning and big data
- Insurance distribution arrangements, including through appointed representatives and coverholders
- Sale of insurance products through banking and other institutions
- App-based and data-driven insurance solutions
- Product development and policy wordings
- Insurance business transfers
- Corporate governance and directors' duties
- Privacy, data protection, information security and compliance with US privacy laws and GDPR
