Financial institutions are actively transforming as new technologies reshape the industry. As these new technologies bring unprecedented efficiency to daily business operations, they also bring emerging risks such as cybercrime. Gallagher's team of experienced financial professionals understands the challenges these changes present to a highly regulated industry and is ready to assist with risk management and consulting solutions.
Local expertise with global reach
Because Gallagher operates in global markets, we have expertise that enable us to assist you with all of your needs. At the same time, our experience with the rigorous standards of the Investment Industry Regulatory Organization of Canada (IIROC), provincial regulators and the Office of the Superintendent of Financial Institutions' (OSFI) allows us to provide an in-depth analysis of financial institution insurance needs across Canada.
Insurance solutions designed for the specific needs of financial institutions
From large banks to individual investment advisors starting their own businesses, we work with financial institutions across the industry that need to comply with Canadian regulatory requirements. We take a holistic approach to analyze your total cost of risk and design a program that works for your financial organization. Our experts provide solutions including, but not limited to:
- Credit and non-payment insurance
- Cyber liability
- Directors and officers (D&O) liability/ employment practices liability
- Fiduciary liability
- Fidelity bonds and other crime insurance
- Kidnap, ransom and extortion
- Terrorism
- Professional errors and omissions (E&O) liability
- Transactional risk products (reps and warranties)
Fintech and cryptocurrency capabilities to meet your business needs
Fintech and cryptocurrency organizations require different protection and security than traditional financial institutions. Intellectual property theft, increasing regulatory systems, data security risks and cyber attacks are some of these organizations' complex risks.
These organizations handle sensitive data, such as financial records and personal information, making them constant targets for hackers and more prone to cyber attacks and data breaches.
Emerging risks from new technologies can be mitigated with a well-designed insurance and risk management plan. We work with you to develop a customized plan to support your business and minimize risk.
Private equity fund expertise
Private equity funds have complex risks stemming from a myriad of sources, including investors, limited partners, regulatory agencies, portfolio companies and employees. Successful investing requires partners willing and able to help you anticipate and mitigate these risks. At Gallagher, we'll help you identify and assess the risks and human capital needs that affect your business and address them through a comprehensive risk management plan. Our expertise includes fund protection, transactional support, portfolio management, restructuring and exit, and transactional risk solutions. Our goal is to ensure the absolute protection of your business assets through every step of the process while helping you remain competitive in today's everchanging risk environment.
Face the future with certainty and confidence
Our experts are skilled in looking for the risks and challenges your organization faces. We have extensive knowledge and access to benchmark data from the financial institution industry, which enables us to assist you with your business, no matter the size of your organization. Our customized strategies support you in facing possible threats to your business. Our dedicated team works with you to develop customized insurance solutions that fit your unique business challenges. Our experience in the financial industry gives us an unparalleled understanding of the risk faced by financial institutions. We use two complementing approaches to assist us in analyzing your business and its needs:
- Gallagher Drive® Data and Analytics: Our premier data and analytics platform and industry-leading consulting expertise helps you get the most from your risk management program.
- Gallagher CORE360®: A comprehensive solution for evaluating risk management that leverages analytical tools and diverse resources for customized, maximum impact on six cost drivers of your total cost of risk.
Whether you're expanding into new markets or reducing capital requirements, we offer a wide range of solutions for your growing business while ensuring your assets are protected. We're here to help you so you can focus on what you do best: helping your customers.
