Financial institutions are exposed to numerous risks which, in the worst-case scenario, may threaten their very existence. Wrong advice or inadequate risk warnings in sales brochures for financial products can lead to cumulative losses and affect many clients. The most important policies in this area concern financial lines. They also involve the majority of insurable risks for banks. Losses in this area can have immense repercussions for the balance sheet.
Understanding Your Risks
Since 2014, specialists from our Financial Institutions Practice Group have been taking care of clients from the financial business sector – banks, insurance companies and financial institutions. To date, over 100 companies have placed their trust in this speciality.
In our specialisation, we try to support our clients holistically. For us, this means that we do not only concentrate on individual insurance lines but are also available as partners and advisors in all insurance areas and will connect you with these dedicated specialists.
Providing Tailored Solutions
Creating Added Value
We help finance and transfer your risks, as well as fulfil regulatory requirements in some areas. Our technical expertise and analytical capabilities create additional value for Financial Institutions. We constantly monitor developments in the insurance market and make clients aware of any future implications. As (re)insurance brokers, we unlock the local, regional, international and global insurance markets to accommodate for the appropriate coverage.
Related Solutions
Affinity Insurance
Property & Engineering
Liability
Latest Insights
New FOODprint Publication
In the latest edition of GrECo’s Food & Agri client magazine, FOODprint, we place our focus on a key challenge faced by this industry: the impacts of climate change
Webinar “Climate risks in Food & Agri industry”
In our recent webinar “Climate Risks in Food & Agriculture: Compliance With New European Regulations, Risk Assessment, Mitigation and Alternative Risk Transfer” we shared information about the new EU regulations and requirements in the area.
Meet our client: The OMME Hungarian Beekeepers’ Association.
Zsolt Varga, Hungarian Practice Leader for Food & Agri caught up with Péter Bross, President of OMME, to discuss their latest policy and why it is unique to them.
Brian Alexander
Group Practice Leader Financial Institutions
T +43 664 962 39 17