Tag Archives: guides

A reinsurer’s guide to Access to Records clauses

For decades, many reinsurance treaties were simple agreements between international professionals who knew and trusted each other. Deals were closed on a handshake, and the actual reinsurance contracts were simple because these were long-term relationships and everything could be worked … Continue reading →

DSU de-mystified

Delay in Set up (DSU) or “Delay in Completion” coverage continues to be the least understood and most contentious type of insurance for construction projects — especially as regards claims. As you will probably already be aware, this cover normally … Continue reading →

Guide to property insurance for financial institutions

It is easy to be fooled into thinking that property insurance is straightforward. That would be a mistake. Continue reading →

How much capital should an insurer hold?

An insurer’s management often wonders whether their company has the right amount of capital.  If they are holding too little, they may not be ready for when the next catastrophe occurs, or miss an opportunity to acquire a new affiliate … Continue reading →

For ERM, a Better Solution to Guessing Frequency and Severity Pairs for Risks

To compare your best guesses about frequency and severity of risks, you need to recognize that each risk likely has a wide variety of frequency severity pairs. Continue reading →

Guide to Network Security and Cyber Coverage

network security

For years, network security professionals have been saying “either you have been data breached or you just do not know that you have been data breached.” As the lives of both private individuals and businesses are increasingly dominated by technology … Continue reading →

Guide to Political Violence and Terrorism Insurance for Financial Institutions

The third element of political risk insurance financial institutions need to be aware of—after political risk insurance and comprehensive nonpayment insurance —is terrorism and political violence cover. Continue reading →

Guide to Comprehensive Nonpayment Insurance for Financial Institutions

In last week’s post, I mentioned political risk insurance doesn’t cover insolvency and protracted payment default; for that you need comprehensive nonpayment policies. This week, I’m going to explain what they do. Continue reading →

Guide to Political Risk Insurance for Financial Institutions

financial-political-risk

Political risk insurance (PRI) is a product designed to help mitigate the political uncertainties investors and lenders face when investing or lending into emerging markets. Typically clients are concerned about the long-term political stability of a country, and a PRI … Continue reading →

Guide to Financial Institution Bonds

Financial Institution Bonds

There is a lot of confusion about financial institution bonds. The muddle becomes much clearer when you recognize that financial institution bonds come in various guises and are called by a dizzying array of names. The names, and the specifics … Continue reading →