The pandemic sought unprecedented challenges for many in the financial sector, such as having to reshape a firm's structure, a high increase in demand for SME loans, or digitizing payment operations. The fast-changing landscape was extremely testing that brought with it new risks, but Amwins Global Risks was here with you through it all.
As we’re now in a post-pandemic world, it’s unlikely the way financial institutions do business will return to how they were. With this, new risks are continuously evolving. Major factors we are now seeing within the industry is an increase in credit risk and high volatility in stock markets with depressed banks’ valuation.
Financial institutions are entering the recovery phase, now more than ever it is vital that the right insurance cover is in place.
What sort of financial institutions?
- Trust companies
- Corporate service providers
- Asset managers
- Investment managers
- Finance houses
- Fund companies
- Fund administrators
- All types of banks (clearing banks, development banks, retail or commercial banks and saving banks)
- Building societies
In a highly regulated environment, heavily reliant on new technologies, new potential claims and exposures are always emerging. Email Sarah Brailey to find out more about how we can help you manage your financial risks.