Financial Institutions

Financial institutions operate in a challenging and risky environments. Marsh’s Financial Institutions Practice helps you identify exposures and customize solutions manage the risks.

Along with continued global economic uncertainty, Financial Institutions are confronted with a rapidly changing and increasingly competitive environment, expanding regulatory oversight and rising risk compliance costs.  As technology continues to evolve, the threats of cyber attacks and data breaches have also added to the complexity.

Helping you meet your business challenges begins with an in-depth understanding of your industry.  A significant differentiator for Marsh is our depth of experience in the Financial Institutions industry segment.  As a leading global provider or risk management solutions to Financial Institutions, Marsh’s dedicated Financial Institutions Practice offers a wide range of innovative risk management solutions, from the traditional Directors & Officers Liability, Professional Indemnity and Crime to Cyber & Privacy Liability.

Marsh provides you with a clear insight into your risk profile, helps you identify potential losses and determine whether you should retain or transfer those risks.  This approach will 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.

A financial institution is a regulated intermediary between consumers and the capital or debt markets. Generally, they are responsible for the supply of money through the transfer of funds from investors to companies in the form of loans, deposits, and investments (including stocks and bonds).

Financial institutions offer financial advice and/or services and include banks, non-bank financial institutions, insurance companies, and investment funds.

Credit insurance can reduce one of the biggest risks for financial institutions, which is the failure of obligors fail to meet their contractual obligations. Known as credit risk, this includes consumers defaulting on loans or a bank failing to maintain regulatory liquidity levels.

Cyber risk is an increasing exposure for financial institutions, as the industry continues to be transformed by technology and given the sensitivity of the data held and the transactions executed. With specific cyber coverage and appropriate risk management plans in place, you can better understand, measure, and manage the threats posed by cyber breaches and business interruption.

Because financial institutions are often highly regulated, legal and compliance risks are also prevalent. This requires having appropriate financial and professional liability policies in place to protect boards, directors, and the business itself from mistakes and fraud committed by employees, bad employment practices, or sanctions for regulatory violations. 

Financial institutions face numerous emerging risks today – pandemics, climate change, emerging and enterprise technology, geopolitical, and regulatory risk. Financial institutions must work proactively to identify and mitigate these risks with a focus on resiliency. By doing so, they can also differentiate themselves from their competitors.

Marsh’s more than 1,100 the financial institutions specialists worldwide, backed by advanced data analytics tools, can support your efforts to understand the impact of these risks on your organization, make informed decisions about how to manage them, and optimize your total cost of risk.

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Tales Tzai

Practice Leader, Trade Credit & Political Risk and Structured Credit

  • Taiwan