Firms scrimp on insurance despite rise in claims


LONDON – A survey by insurance broker and risk adviser Marsh has found European financial institutions (FIs) are buying less insurance or decreasing the sums insured, seemingly in a bid to save costs during the downturn. The latest research released by Marsh shows many European FIs are revising or lowering their insurance spend despite a rise in claims notifications, which, in some lines of insurance, have risen by 400% in the past four years.

“A lot of FIs are evaluating what they are buying

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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