Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global