Friday 25th October 2024
Twitter Facebook Twitter LinkedIn RSS

Comsure operates in:the UK, Jersey, Guernsey

FINEX Global Surveys Insurers in anticipation of AIFMD

Willis’ Financial and Executive Risks Practice conducted a survey of London based Financial Institution Insurers regarding the
perceived impact of AIFMD on the operational risks and Professional Indemnity Insurance programmes of alternative asset
managers.

There were two key themes which arose from the questions asked: 

  • Firstly that 65% of FI Underwriters feel that the AIFMD requirements will increase operational risks
  • Secondly that no respondents expect the premiums of affected asset management to reduce as a result of the operational risk management and investor protection elements

Given the findings of the survey FINEX has engaged with a specialist AIFMD consultant to meet with financial institution
insurers and gain a deeper understanding of the insurers’ perception of increased risk and discuss potential mitigants to
counter this perception.

It is of paramount importance for Hedge Fund managers to begin their insurance renewal process early, ensure they are working
with an experienced broker who understands the AIFMD issues, and where possible meet with current and potential new insurers
to discuss these developments. Those who can differentiate their operational risk exposures will be able to put themselves in
a position to obtain a superior renewal outcome.
 
To read a full report of the results, and FINEX’ perception and analysis of the findings, register to receive a copy of the

AIFMD FI Insurer Survey Report here  https://www.surveymonkey.com/s/aifmd_survey_resultsWe’ll
send you a copy of the report via email within 24 hours of registering


1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

WP2Social Auto Publish Powered By : XYZScripts.com