Financial institutions – a world of perpetual change and innovation
The origins of modern day banks can be traced back to ancient Greece, and the Medici dynasty brought greater rigor to bank accounting in the 15th century. More recently digital technologies and even new currencies, such as the Euro and Bitcoin, have revolutionized the way financial institutions go about their business. These just scratch the surface of the constant evolution in the industry which has gone hand in hand with a recent acceleration in globalization and an array of regulation to keep conduct in check.
This constant change and upheaval brings challenges and new forms of risk to financial institutions that mean a hard won reputation can be lost in a moment. They cannot afford to think in terms of individual risks and discrete events. In an increasingly complex and interdependent world, a holistic approach is required to reducing risk and dealing effectively with what happens when things go wrong.
Seamless cover for financial institutions
We have designed a new range of covers to precisely meet the needs of financial institutions. This market leading solution offers a seamless set of policies, from crime and professional liability to directors and officers, and Beazley's pioneering data breach cover.
There is no need to worry about gaps between different elements of cover as we have tailored these products to fit perfectly. Our specialist financial institutions team has extensive experience in the sector and, as you would expect from Beazley, they have created beautifully designed policy wordings with clear and concise language which is consistent across all the policies. And should the worst happen, clients can have peace of mind in the knowledge that they can call on our bespoke response and claims services.
Directors & officers
Clear and comprehensive cover to protect directors, officers and their employing companies.