Specialized Industries - Financial Institutions
Financial Risk Management
The Analytical Insight You Need to Make the Right D&O Decisions
The Financial Institution Industry is continuously facing challenges from globalization of products and services, new regulation and oversight, broader use of technology and massive competition. As banks, insurance companies, broker-dealers and diversified financial services companies compete for market-share, they must do so with a careful eye towards both financial and operational risks.Few other industries present insurers with the level of systemic risk as the financial institution industry. Regulators continue to scratch their heads to determine the most effective means to protect financial markets, depositors and investors from financial crisis and operational failure, while at the same time allowing open market competitiveness. We've seen over the past two decades the passing of FIRREA, FDICIA, Sarbanes-Oxley and numerous accounting rules all towards improving the safety and soundness of our financial markets. Yet we continue to experience major failures and resulting litigation. In fact, the number of financial institutions being sued over the past two years is at an all time high.
Beecher Carlson's National Financial Institution Practice specializes in the insurance and risk management needs of banks, insurance companies, asset managers, broker-dealers and other complex diversified financial services companies. Being able to compete knowing your litigation risks are covered can be a powerful tool. Having a D&O program that is state of the art to allow you to attract and maintain quality directors on your board may provide you the edge you need. And having the tools and experience to create new solutions, individual and group alternatives and efficient insurance products can make the difference.
Beecher Carlson's Specialized Financial Institution Expertise
At Beecher Carlson, we're distinguished by our innovation platform that combines industry expertise, advanced analytics and a means to measure the effectiveness and efficiency of your risk management programs. We provide you insight, not hindsight. Our success in identifying the major risk drivers of your institution allows you to focus on the right areas of risk that can make a difference.Unlike many other brokers, we believe that risk solutions do not always come from the insurance market. Often times, and especially for financial institutions, it begins by fully grasping the likelihood and severity of incurring litigation in the first place. Only then can the right solution be evaluated.
At Beecher Carlson, we leverage advanced analytics, financial analysis, modeling and simulations and benchmarking analysis to assist you in the decisions you are making. For example, you can model how a potential business decision may impact your future D&O risk profile, allowing you to simulate real-world scenarios and outcomes.
Furthermore, our analytical insight is highly persuasive, objectively demonstrating to carriers the facts supporting your unique risk profile. So if you do transfer risk, you will do so with the knowledge of the specific positives and negatives making up your risk profile and the intelligence to facilitate underwriter negotiations.
Call today and let's take a look at your future D&O risk profile.
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