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Insurance – helping managers hedge against uncertainty

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Uncertainty around a myriad of financial, political, and social issues represents the greatest risk the asset management industry currently faces. In this context, insurance continues to be an important hedging tool to help cover unexpected expenses associated with the impact these issues can have.

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Uncertainty around a myriad of financial, political, and social issues represents the greatest risk the asset management industry currently faces. In this context, insurance continues to be an important hedging tool to help cover unexpected expenses associated with the impact these issues can have.

The risk landscape has continued to evolve and fund managers are having to deal with a number of macro-economic challenges which emphasise the importance of clear and transparent communication with clients, investors and employees.

Ron Borys, Managing Director and financial institutions industry practice leader at Alliant Insurance Services, elaborates: “Inflationary pressure on the overall market continues to put pressure on firms to produce results for clients while managing the expectations and interests of investors and shareholders. Further, Environmental, Social and Governance (ESG) policies and initiatives remain a focal point and implementation of these strategies needs to be thoughtful and effective.”

Against this background, managers are also having to navigate an environment in which regulators and plaintiff’s attorney firms persist in looking for every opening to pursue their respective agendas resulting in hard to predict inquiries, investigations and demands on firms.

“Insurance was created with the primary goal of protecting people and business from unexpected catastrophic events, and there are insurance solutions for most if not all of the risk exposures managers currently face,” says Borys, “Our brokers have the experience and expertise needed to help clients develop comprehensive insurance risk management strategies, and also the knowledge and market relationships to execute the desired outcome from both a cost and coverage perspective.” 

As a result, he believes clients are going to be calling out for thoughtful, innovative strategies to expand insurance covered and reduce insurance expenses. “Developing such strategies would lead to us lowering our clients’ total cost of risk,” Borys notes, “If we continue to provide exceptional service to our current and prospective clients, and find ways to reduce their total cost of risk, we should be in great shape to achieve our overall goals and objectives as a firm.”

Another quality which is supporting Alliant’s growth is its ability to not only retain key talent but also its success in developing a brand and culture which attracts many of the best insurance professionals.

Borys outlines: “Many professional services firms have struggled developing the right organisational balance and rewards system to attract and retain talent.  This continues to cause a lot of employee turnover which is incredibly frustrating for clients, particularly those who find value in trusted individuals who know their business and have provided excellent results and service over the years.” This has not been the case at Alliant which serves to the firm’s clear advantage.

The Alliant executive leadership team has also been very focused on ESG and sustainability, building these concepts into the fabric of the firm. Borys comments: “Our belief is that ESG is not simply a strategy.  It is about building a culture within our firm centred around awareness, passion and commitment for serving a wide array of causes all while working to make a meaningful and long-lasting impact locally and in the world at large.”


Ron Borys, Managing Director and financial institutions industry practice leader, Alliant Insurance Services

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