As a financial institution, you are constantly forced to adapt to a changing landscape to meet the needs of your clients.
Whether your company is a bank, insurance company or investment management firm, your company faces complex risks daily. Our goal at NFP is to help you better understand current and future risks along with assisting your firm overcome the significant balance sheet challenges a fiduciary can face.
Advancements in technology has resulted in many financial institutions having to look at how their systems are compatible to combat cyber crime risks. There are also increasing costs due to compliance requirements and regulatory shifts on an annual basis. In a competitive market like financial services, it is proving tougher to stay ahead of global economic shifts.
We have a team who has dealt with some of the most complex risks facing Canadian financial institutions and will work with your board of directors to guide them in the right direction through sound advice and expertise.
Our team has intimately worked as underwriters and alongside them – including in management positions — for over nearly four decades and understands how financial institutions’ risk profiles are evaluated. We keep our clients apprised of current market conditions including legal trends, pricing and capacity.
Financial Institutions Insurance Coverage
NFP has a successful global track record in this vertical and our contacts around the world allow us to best serve our clients and find the right solutions to mitigate risk.
We will help you design insurance programs that will perform during claims and know how to get claims paid efficiently and effectively when they come up — particularly in claims involving directors and officers liability.
Included in our many areas of expertise and product specialties are:
- Crime/financial institutions bond
- Directors and officers liability
- Employment practices liability
- Professional liability
We create memorable moments by solving problems big or small for clients and help provide you with robust coverage in the process.
Contact us today to find out how we can establish a high-quality insurance program for your institution.