All Eyes on FIs

In this episode, we revisit the evolving landscape of asset manager risk, where perception often diverges from reality. Building on past insights and episodes of the All Eyes on FIs series, we explore the latest claims data, operational blind spots, and the growing urgency for sharper risk prescriptions and insurance purchasing strategies.

When corporates on the one hand and financial institutions (FIs) on the other, seek D&O liability cover they enter different insurance markets. This means that even if their broker approaches the same insurer or syndicate, they will deal with different underwriting teams who will negotiate policies with different terms and different rates. Join the discussion where John Orr, D&O liability product leader NA and Angus Duncan, Global D&O coverage specialist based in London, unpick those differences.

AI isn't new, it has been used to assist us for a long time. So, what has changed? We now deal with the idea of machine learning and being able to predict future outcomes. Businesses, in this case Financial Institutions (FIs) are using the output from these machines to make decisions. For episode four of All Eyes on FIs the team have dedicated this discussion to cyber awareness month. The team discuss the opportunities and threats that we face today as AI rapidly evolves. Benefits of AI for FIs include: - Customer behaviour analysis: Helping FIs to identify fraud and therefore helping to prevent future attacks. - Compliance and risk management: Monitoring and complying with complex regulations. - Internal audits: Improving workflow and efficiency. Risks of using AI for FIs include: However, there are still multiple risks when using AI which is causing nervousness from FIs, these include operational, reputational and legal risks depending on how it is used and how these flaws can be magnified if the AI is malfunctioning, is hacked or producing biased or unethical outcomes. Join Miguel Cano – WTW Senior Associate Broker in the Middle Market Financial Institutions FINEX Global team, Natalie Reid – WTW Graduate Analyst in the FINEX Financial Institutions Claims Advocacy team and Amit Tyagi – CMS Partner and Solicitor Advocate in the London Insurance & Reinsurance Group and member of the CMS cybersecurity team, for a chat now! Amit Tyagi – CMS Partner and Solicitor Advocate in the London Insurance & Reinsurance Group and member of the CMS cybersecurity team

In our second episode of All Eyes on FIs we discuss digital assets and how the insurance market is responding to client needs. Caroline Sawyer, Director in our Financial Institutions (FI) team asks our speakers Craig Glendinning (also in our FI team in GB) and Miguel Cano, our digital assets lead in our US FI practice to give examples of the requests that the financial institutions team have seen from clients, the current state of the insurance market and how the insurance market is adapting and providing solutions in this evolving space. Also in this episode we offer both a UK market perspective from Craig and a US perspective from Miguel. So get comfy, grab a cup of tea and join us for a chat.