Financial Institutions Insurance - Searchlight Insurance Training

Financial Institutions Insurance

Financial Institutions insurance examines the whole suite of risks to the critical financial sector and how to insure it –its characteristics, areas of risk, underwriting concerns and policy forms.

This one day interactive workshop uses news stories and examples of major claims to illustrate the multi-faceted nature of Financial Institutions insurance.

Level: Specialist

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

•Understand the main categories of insurable risk experienced by different Financial Institutions

•Understand some of the risk reduction methods used

•Appreciate underwriting considerations

•Understand various relevant policies to insure the risks

WORKSHOP CONTENT

Review of the key activities and risks in:
•Banks
•Corporate Finance, Venture Capital, Private Equity
•Investment Trusts, Fund Managers including hedge funds, pension funds and asset managers
•Stockbrokers
•Independent Financial Advisors

Analyse the types of insurance required:
•Bankers Blanket Bond
•Premises risk
•Safe deposit boxes
•Damage to office and contents
•Transit of cash and valuables
•Fidelity
•Counterfeit currency
•Computer risks
•Directors’ and Officers’ cover for financial institutions
•Professional Indemnity cover for financial institutions
•Unauthorised trading
•Kidnap and ransom

Consider territorial factors

Explore the underwriting criteria

Review policy wordings