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.
Georg Winter offers some insights into his vision for GrECo. Interview was originally published in Lockton Global Partners Magazine.
In July, Adam was recruited in a newly created executive leadership role, to run, build and develop GrECo’s specialist Health & Benefits business across its 17 countries.
Ante Banovac shares his thoughts about future risks facing the insurance industry and the state of the insurance market in Serbia, Slovenia and Croatia
Group Practice Leader Financial Institutions
T +43 664 962 39 17