The financial sector is an important hub of our economy. Banks, insurers, pension funds, payment service providers, investment institutions and private equity funds alike are subject to complex laws and stringent capital requirements. That brings specific challenges. Proper risk management is a must for any financial institution.
Experts specialising in the financial sector
Extensive network of insurance brokers
Customised solutions
Comprehensive range of products for financial institutions
Vanbreda Risk & Benefits has been addressing the insurance needs of financial institutions for decades. Thanks to our extensive client portfolio, we know better than anyone else the challenges and risks that companies face. That’s where Vanbreda makes a difference.
Our specialists with a focus on the financial sector identify the insurance needs with the client. Thanks to our years of expertise, we know perfectly which risks pose a challenge for any financial institution.
By relying on our wide range of insurance brokers specialising in this niche, we are able to offer our clients a comprehensive range of products.
Each insurance solution perfectly matches the needs of the financial institution. Our expert examines the risks, identifies them, offers advice and works out customised solutions for them.
Through our international network Lockton Global, we have access to a global network of insurers that allows us to properly represent branches abroad as well.
Our advisers will be happy to guide you in your search for the right cover for all risks. Thanks to our strong negotiating position, we can offer premiums at the most competitive rates.
The system of laws and regulations governing financial institutions is constantly expanding. The complexity and expansion of laws and regulations increases the risk of litigation and claims with a major financial impact.
Protect yourself against the risk of individual prosecution as a director. With director’s liability insurance, you not only cover the financial consequences of a management error, but you also protect yourself against huge legal costs.
Cover your financial institution against the consequences of claims. Professional liability insurance protects a financial institution and its employees against claims due to errors or shortcomings in the performance of services.
For pension funds, private equity funds and asset managers our experts developed a combination of professional and director’s liability insurance in one policy.
Take out fraud insurance to cover yourself as a financial institution against losses due to fraud. Fraud committed by an employee or third parties poses a risk that can have significant financial consequences. Moreover, it can also have a negative impact on your reputation.
The amount of sensitive data and executed transactions is increasing due to a rapidly evolving technological environment. Therefore, every financial institution needs protection against cyber crime.
Our cyber insurance policy consists of three pillars:
We offer a first aid team for IT, PR and the legal department to assist the insured in the event of a cyber incident.
Cyber insurance covers the damage suffered by the insured due to business interruption, data recovery, ransomware and other types of damages.
In addition, the policy also provides coverage for the damage suffered by third parties due to a cyber attack on the insured.
Vanbreda Risk & Benefits is ready to advise and guide each financial institution in the search for the most suitable customised solutions. Count on us to represent your company’s interests at home and abroad.
109 billion euros. That’s how much money had been accumulated in acquired pension reserves in this country as of 1 January 2024. This Pillar 2 pension savings pot is managed by two types of pension institution. According to the FSMA sector report, insurers manage 88 billion euros, while the remaining 21 billion euros is managed by institutions for occupational retirement provision (referred to as pension funds from now on). Fewer companies are opting for their own pension fund. Increasingly, a multi-employer pension fund is chosen instead. How can we explain this development and what are its advantages?
