Financial Institutions Industry
You need a partner who can help you mitigate complex risks, control total cost and provide comprehensive workforce benefits that protect your margins and your people.
Mitigate High Stakes Risk with Insurance for Financial Institutions
Financial institutions face a unique risk environment: intense regulation, evolving cyber threats, professional liability and fiduciary exposure, and reputational risk. NFP delivers comprehensive property and casualty insurance for financial institutions, including banks, credit unions, asset managers, insurance companies and fintech companies. Our team brings deep industry expertise, local market insight, and national carrier relationships to deliver solutions that align with how financial institutions actually operate.
NFP helps navigate insurance for financial institutions so they can safeguard what matters most in a volatile and heavily regulated world through:
Management Liability and Professional Lines
Directors and officers, professional liability, employment practices liability, cyber, crime and fiduciary coverage.
Loan Portfolio Solutions
Custom insurance solutions, including mortgage impairment, lender single interest, equity protection and related programs.
Core Property and Casualty Needs
Protection across general liability, auto, workers’ compensation and umbrella.
The Problem
An established financial institution had concerns about rising insurance costs and limited visibility across its risk portfolio. Their ancillary insurance coverage had previously been scattered across different brokers and lacked a cohesive strategy.
The NFP Solution
A single meeting became the start of a long-term partnership. With better coverage, cost efficiency and strategic alignment, this financial institution gained a partner committed to helping it grow with confidence. The NFP team delivered a 30% premium reduction, meaningful cost savings and improved coverage, integrated ancillary coverage, loan-related insurance oversight and centralized protection aligned with their operational goals.
Protect your financial institution's operations with tailored benefits and insurance.
Connect with an NFP specialist today.
Data-Backed HR Solutions for Banking and Financial Institutions
We help financial institutions protect people, manage fiduciary risk and remain competitive in a complex regulatory environment. Our advisors understand the intricacies of finance, from balance sheet pressures to board optics. With integrated solutions that span healthcare, executive strategy, compliance, retirement and risk, we build forward-looking programs that support your institution today and plan for tomorrow.
We navigate HR solutions for banking and financial services, and we help financial institutions address fiduciary responsibility, market volatility and workforce demands through:
Key Talent Retention
Executive benefits support, including administration and bank-owned life insurance (BOLI) expertise when needed.
Rx and Medical Cost Management
Transparency tools, PBM analysis and Network Check.
Compliance and Fiduciary Support
Vendor evaluation and transparency rule guidance.
Human Capital Strategy
Workforce planning and benefits strategy, including competitive health, ancillary, retirement and financial wellness support.
The Problem
A fintech company with around 3,000 U.S. employees was looking for a partner to lead and help them create an updated benefits program to meet the needs of their growing business and evolving workforce demographics.
The NFP Solution
The NFP team provided a detailed proposal for a new benefits administration system, as well as a proposal to address health and welfare plans. The team conducted a review of compliance, financial analytics and reporting, moved the client to the NFP Rx coalition, included executive benefits with disability plan analysis and implemented a new benefits administration system to save the client money and create an updated benefit program.
“We help financial institutions secure their assets, protect their leadership and preserve client trust. From cyber liability to directors and officers coverage, we ensure traditional and emerging financial firms have taken key steps to safeguard what matters most in a volatile, heavily regulated world.”
Patrick O’Neill
Managing Director, Financial Institutions Group
Our Expertise in Action
See how our experts are implementing solutions for today's risk, workforce, wealth management and retirement challenges.
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We’re here for you, whether you know exactly what you need or just know you need a partner to help advocate for your business, your people or your life.
