Financial services and institutions

The financial services industry is unique featuring heavy regulation, highly volatile products and markets, and an ever increasing dependence on technology for control, distribution and leverage.

The challenges in managing risk are significant. We partner with a select number of specialist insurance institutions throughout Australia and in London because we know that an intimate knowledge of the financial services industry is essential. These partnerships and our expertise, allows us to develop tailored solutions for your business.

Dedicated Resources

Because Australian financial license holders and institutions have unique risks and needs, AB Phillips has established a team of Financial and Institutions Insurance specialists.  This dedicated team has been servicing or working with the finance industry thus has unrivalled specific industry experience.

Risk management services for the financial services industry

AB Phillips can work closely with you to develop innovative solutions for your industry. We design and manage risk programs (incorporating operational reviews) and then consider financial risk insurance products, human resource capabilities and asset protection. AB Phillips is one of the few brokers nationally able to provide this capability inhouse.

In addition, for our larger institutions or for groups and associations, we also offer services relating to;

  • risk profiling

  • total cost of risk

  • fronting & captive retention

  • alternative risk financing

Our structured approach to the task of insurance broking will ensure you have solutions which match your unique risk profile and objectives.

We consider;

  • specific operational factors including your workforce, customers & suppliers, the diversity of your business activities and locations. Additionally we have CA’s on staff to assist in assessing balance sheet strength and potential leverage.

  • the regulatory & compliance environment. Our specialists not only remain current with changes but also engage with the bodies themselves to help shape the environment and structure product response.

  • The availability (or otherwise) of suitable solutions in the market.

Our team is focused on the needs of the whole industry and is well equipped to work with clients from all areas including;

  • stockbrokers, Forex Traders & market trading platform providers

  • venture capitalists & private equity

  • corporate advisory

  • friendly societies

  • financial Planning Licencees and Authorised representative groups

  • fund managers, trustees, OEIC’s, Mortgage brokers

  • hedge funds

Ultimately, success to us is not just covering your risks. True success is allowing us to support you in creating or maintaining a sustainable competitive advantage through good practice risk management.

 

Our insurance products


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