XL unveils new products for financial companies
XL has launched a suite of five products focused on the insurance needs of financial institutions.
According to the provider, financial institutions are facing ever more complex risks. In the new products each policy comes with a commitment to minimum service standards, including in relation to claims handling and responsiveness, as well as a built-in confidentiality agreement.
The suite consists of comprehensive crime insurance which covers companies for infidelity of employees, documentary fraud, cyber fraud, physical loss or damage, extortion, and fees and expenses, including costs
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