The introduction of stringent corporate governance requirements stipulated in the new Companies Act and King III report, and increased consumer awareness due to the Consumer Protection Act, has highlighted the need for financial institution insurance that is backed by strong and stable security, to manage and mitigate a multitude of risk exposures daily.
Risk management is essential to the survival of financial institutions and entails the mitigation thereof through the implementation of risk controls and the purchase of Camargue’s Financial Institution Liability insurance. Although most financial institutions purchase this type of coverage, there are many which, due to their size and activities, do not feel they have the exposure to such potentially severe losses and purchase only the minimum cover prescribed by the Financial Services Board.
Financial Institutions Bond
This policy wording, historically known as Bankers Blanket Bond coverage, is tailor-made to suit the requirements of financial institutions:
Dependent on the nature of the insured’s business activities, and FSB insurance regulations, the insured may opt to purchase standalone PI or FG cover only.
Directors & Officers
Cover is provided for:
Camargue’s unique M³ approach to insurance is geared towards managing, mitigating and migrating critical business risks – an outcome achieved through the provision of value-added risk benefits to policyholders. Notwithstanding the coverage provided in terms of the policy, the additional risk management benefits further enhance the Camargue product offering and go way beyond simple insurance. The overall result is a well-rounded and complete solution to the risks faced by financial institutions.
Risk Management Services included in the Policy cover:
Please save the fillable PDF Proposal Form to your desktop before inserting information. If the proposal form is not saved accordingly, some information may be lost.