PSC Insurance Brokers has joined FinTech Australia’s ecosystem partnership program, which helps businesses collaborate with insurtechs and other members of the sector and foster relationships with its key players.

PSC Managing Principal Rhys James says the partnership will help deliver targeted insurance services and broking solutions to Australian fintech management teams and boards.

“We are thrilled to partner with FinTech Australia,” he said. “We have worked for over a decade negotiating cover for growth stage start-up and public fintech clients in Australia, UK and the US.”

The collaboration comes as PSC, which is part of ASX-listed PSC Insurance Group, launches a joint initiative with its UK portfolio business Paragon International Insurance Brokers that targets the Australian professional, technology and financial services sectors.

Paragon is a specialist insurance broker operating in the Lloyd’s of London, Bermuda, European and international specialty markets, specialising in the financial, professional and casualty lines sectors. It has expertise in Directors & Officers, Financial Technology Errors & Omissions, Cyber, and Mergers & Acquisitions cover.

FinTech Australia works with government, industry and the local fintech community to create a supportive environment here and abroad, and its Head of Strategic Partnerships Rehan D'Almeida welcomes PSC as an insurance partner.

“Insurance is vital in building any financial business, yet there is work to be done in raising awareness across our members of various products and new trends in the industry,” he said.

PSC Insurance Group has operations in Australia, New Zealand, UK and Hong Kong and has an annual premium volume over $2 billion.