Category Archives: Financial Services

2016 Top 10 – #3: For insurers #blockchain is the new black

Blockchain is a distributed digital ledger technology. Many believe that it will radically change our world, but is blockchain really the new internet? Continue reading →

2016 Top 10 – #4: Guide to directors & officers liability insurance for financial institutions

D&O insurance policies offer liability coverage for managers to protect them from claims that may arise when acting in the scope of their managerial duties. Continue reading →

2016 Top 10 – #8:The Five Risks That Threaten the Future of FinTech — and How Insurance Can Help

fintech

Advances in technology promise to change the way financial institutions operate in hundreds of ways in the next decade. Many of these changes will require a reexamination of the way insurance mitigates the risk associated with the business. Continue reading →

Know your enemy: Inside the hacker’s mind

Companies rely on technology and outsourcing for critical activities, including storing sensitive client data and intellectual property, communicating and conducting transactions. This leaves them vulnerable to cyberattacks. Whether from company insiders or outside hackers, these attacks can interrupt business operations, … Continue reading →

2016 Top 10 – #9: Guide to RFPs: To bid or not to bid

The process of putting an insurance program out to bid e.g. a request for proposal (“RFP”) can be very time consuming. The decision to do so cannot be taken lightly. Continue reading →

Conduct risk and culture

Culture matters “Culture” within the financial sector has received significant attention since the financial crisis. As we have seen in several high-profile examples, poor culture within the financial sector can and does have a significant impact upon revenue, reputation, regulatory … Continue reading →

Handling insurance market cycles – Creating price and cover stability with the help of multi-year solutions

A reminder of the market forces Financial marketplace cycles and how they are determined by supply and demand forces, is one of the first lessons in Economics 101. A reminder follows; a change, increase or decrease, in demand or supply, … Continue reading →

Guide to basic economics behind insurance

Why do financial institutions buy insurance? There is something counter-intuitive about one financial institution agreeing to guarantee the risk of another financial institution. To understand why any corporation buys insurance it is important to understand the economics and motivations behind … Continue reading →

Guide to employment practices liability insurance for financial services

EPL-related exposures are still a thorn in the side of most financial institutions concerned about the reputational damage associated with allegations of discrimination or harassment. Continue reading →

Scariest Risks of 2016

As Halloween nears, people’s thoughts inevitably turn to ghoulies and ghosties, and long-leggedy beasties, and things that go bump in the night. At the Wire we take this opportunity to reflect on the scariest risks our clients faced this year.  … Continue reading →