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Financial Institutions Insurance

AIG handles some of the most complex transactions and risks, helping to protect financial institutions from a variety of emerging exposures.

Why choose AIG for Financial Institutions Insurance?

Financial institutions face increasing complexity due to new regulations, consolidation, and vertical integration. With 40+ years of claims and underwriting insights and 20+ years of cyber expertise, AIG helps clients understand trends and emerging risks, and stay protected with holistic liability solutions.

The AIG Advantage

AIG continues to set the standard in a fast-evolving industry. From liability insurance to captive surety bonds, we address our industry’s evolving needs. We have a broad appetite for financial institutions of all types and sizes and are able to provide integrated Directors and Officers (D&O), Employee Practices Liability (EPL), Fidelity, Fiduciary, Errors and Omissions (E&O), and Cyber Liability programs tailored to each client.

Experience and Reliability

Provides the support of long-tenured underwriting and claims professionals who have proven expertise around the nuances of each product.

Specialized Underwriting

Dedicates a team of underwriting experts focused on delivering solutions built for the needs of each financial institution.

Industry Claims Expertise

Offers direct access to AIG claims experts who can handle complex challenges—from pre-policy inception through claims resolution.

Creating Solutions for Complex Risks

Businesses undergoing complex transactions or navigating difficult situations face unique management liability risks. AIG Financial Lines’ Special Situations Group can provide creative, bespoke insurance solutions.

Learn more about AIG's Financial Lines Solutions for Complex Risks

Advantages in Action

Challenge

A recent transaction created coverage deficiencies in the program of an insurance company client.

Solution

AIG revised coverage terms and conditions to address coverage needs created by the transaction.

AIG Benefit

The insured maintained comprehensive coverage mid-policy term.

AIG Financial Institutions Insurance Solutions

To help our clients endure market fluctuations and periods of instability, we develop flexible, sustainable solutions.

Protection from loss due to employee theft or dishonesty, impersonation fraud, fraudulent funds transfer instructions, and more.

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More Products for Financial Institutions

AIG helps address challenging exposures through customized, innovative programs that apply insurance and/or capital market strategies. No matter how complex or material your risk, our flexibility, capacity and expertise can address it.

Cyber Insurance

CyberEdge, our end-to-end risk management solution, helps you stay ahead of the curve of cyber security risk. AIG’s products and partners help prevent and safeguard against sensitive data breaches, computer hacking, employee errors, and more.

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Professional Liability Insurance

Our professional liability solutions address errors and omissions exposures for a variety of industries and audiences, and more than 20 different classes of professionals.

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Political risk

Political risk insurance provides the protection investors, financial institutions, and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

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Trade credit

Trade credit insurance helps sellers safeguard against a customer default due to financial or political events. Our solutions range from policies that insure all or part of a seller’s account receivables book to a host of industry-leading online tools for managing credit limits.

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Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

Downloadable Materials

Download PDF [159.3 kb]

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aig-financial-institutions-highlight-sheet.pdf
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Financial Institutions Highlight Sheet

What is Financial Institutions Insurance?

Financial institutions—like banks and other lending entities—need a variety of protections for their assets and employees. This is especially true of banks doing business overseas. Insurance companies like AIG that have different policies for political risk, directors and officers, management liability, and cyber security, can create flexible, comprehensive policies to address the types of exposures different institutions may face.



Financial institutions have risks that are both internal and external—everything from an unforeseen political event to litigation initiated by a current or former employee. As with other types of companies, financial institutions can also suffer errors and omissions, physical damage, fraud, and online security breaches. Financial Institution Insurance policies can cover all of the above and more.

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.

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