The global financial crisis has highlighted the need for specialists in financial institutions insurance: Financial institutions find themselves in a hotbed of volatility and risk, and the uncertain economic environment has served only to intensify this in a rapidly changing and increasingly competitive environment.
Amidst unrelenting pressure on the bottom line, regulatory changes, compliance costs, and global economic uncertainty all present challenges that apply further pressure. And as technology continues to replace traditional delivery the threats of data breaches and cyber attack are augmenting the challenges for financial institutions. Marsh, as a leading broker and risk adviser to financial institutions worldwide, helps our clients manage risks in this volatile landscape. With access to the wider network of Marsh & McLennan Companies, Marsh’s dedicated Financial Institutions Practice offers a broad range of innovative risk management solutions, from cyber liability to more traditional exposures such as directors and officers liability and commercial property.
Our Financial Institutions team is supported by an industry-leading analytics platform that combines data, analytics, technology and a global loss database representing more than USD 300 billion in claims.
We provide you with a clear insight into your risk profile, helping you to identify potential losses and determine whether to retain or transfer those risks. Using this approach, we can help you gain a more holistic view of risk financing, a confident alignment of risk capital and, ultimately, a reduction in your total cost of risk.