The Changing Risk Landscape for Wealth and Asset Managers

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Insider Engage

About this talk

Asset managers, investment advisers and financial planners are all experiencing changes in the way they’ve had to operate, reflecting multiple factors that bring uncertainty and risk, including: new technologies that impact how they view and run their business, new asset classes, the impact of the pandemic, global inflation, the war in Europe, and an uptick in cyberattacks. Join Insider Engage, in partnership with Markel, for a free webinar, 10 a.m., Aug. 23, as we explore the many challenges facing asset managers and how those challenges are impacting liability insurance, including Errors & Omissions, Directors & Officers, Cyber, and Crime & Fidelity. Discussion questions include: --Innovation, disruption and the changing environment. How could these trends affect advisers’ ability to get insurance for this changing environment? Is current policy wording sufficient to cover the evolving landscape? --Cyber insurance: Are the risk profiles of asset managers better than for other industries? --Recent trends from custodians: What types of insurance are custodians requiring of investment advisers? What issues have contributed to custodians’ decisions to require coverage for firms on their platform? What will happen if all custodians require cyber security coverage but capacity is limited? --Cryptocurrency: When will regulators approve cryptocurrency? Should cryptocurrency and digital assets be insurable? --Macro events: pandemic, inflation, European war: What new or expanded types of insurance claims could be triggered by inflation, supply change disruptions, or a drawn-out war in Europe? What impact has “the great resignation” had on asset managers and their risk profiles? Speakers include: Travis Pearson – Senior Director, Commercial Financial Institutions, Markel Brian Francetich – Shareholder & Director, Golsan Scruggs RIA Stephen Galletto - Attorney and Shareholder, Stark & Stark Jay Hummel –Partner, WAGN and CEO, AiK2

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