Relm Insurance, an insurer for emerging and innovative industries, this week announced the launch of OMEGAFINTECH and NOVAFINTECH. The two offerings are designed to eliminate coverage gaps within streamlined policies built for today’s financial innovators.
Modern Fintechs face growing risks, from cyberattacks to regulatory scrutiny, yet they still rely on fragmented insurance cobbled together from legacy providers. This patchwork approach often leads to costly gaps in coverage and uncertainty at claim time.
Relm’s new product suite solves this problem by combining critical coverages into a unified structure. OMEGAFINTECH is built for companies that deliver financial services through technology such as digital banks, crypto exchanges, and payment platforms.
NOVAFINTECH is tailored for fintech enablers, companies that build, supply, or power financial technologies without offering financial services themselves. It Includes all OMEGAFINTECH protections, minus financial services and management liability, keeping coverage relevant and cost-effective.
“Many Fintechs are scaling fast and taking on complex risk — but traditional insurance hasn’t kept pace,” said Joseph Ziolkowski, CEO and founder of Relm Insurance. “With OMEGAFINTECH and NOVAFINTECH, we’re helping them close critical gaps and build resilience where it matters most.”
“Findings from our research and stakeholder engagement suggested there was a clear need for policies that reflect the reality of how modern fintechs operate,” said Claire Davey, Relm’s head of product innovation and emerging risk.
Launched in 2019, Relm offers a wide range of insurance products to high-growth markets, including digital assets, blockchain, AI, biotech, and the space economy. The company has a Financial Stability Rating of A (Exceptional) from Demotech.