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    Financial institutions

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    Financial institutions

    Nicholas Tey

    Nicholas Tey

    Regional Manager - Asia

    Market leading protection tailored for financial institutions.

    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 rigour to bank accounting in the 15th century. More recently digital technologies and even new currencies, such as the Euro and Bitcoin, have revolutionised 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 globalisation 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 indemnity to directors and officers. 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 claims service.

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