Strategic Recommendations
Key Focus Areas
Commentary: FinTechs that demonstrate scalable compliance and robust frameworks are receiving broader, cheaper terms.
To optimize insurance programs in 2025, banks should focus on:
Elevate Governance: Ensure clarity in board oversight, audit trails, and key decision-making structures.
Test the Market Thoughtfully: Re-market if necessary - but ensure readiness with updated pitch packs and underwriting submissions. Be prepared to discuss your firm’s journey with underwriters over a call or in-person presentation.
Prepare for Regulatory Divergence: Particularly in AI and product disclosure. Build parallel response plans if operating cross-border.
Clarify Risk Positioning: Help insurers distinguish your business from peers with higher claims or regulatory profiles.
Benchmark Controls: Match AI, cyber, and financial processes to insurer expectations.
