Financial Crime Insurance
Financial crime insurance covers direct financial losses incurred due to misappropriation of the company’s funds, securities, precious stones, jewelry, etc.
The majority of crimes are committed by employees who have worked for the company for 10 or more years.
employee or third parties theft;
cybercrimes and computer-related crimes;
falsification of documents, data (e.g. payment orders);
signature, documents forgery;
other criminal offences that have caused the company direct financial loss;
the loss or circumstances that are likely to result in the loss must be first noticed during the insurance contract period however, the criminal offences may be committed before the conclusion of the insurance contract.
protects the company from major financial losses caused by employee fraud or document fraud.
other financial institutions.