Authors: Eileen Yuen Don Frank

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As of mid-2025, the insurance market for financial institutions remains dynamic, influenced by evolving risks such as economic uncertainty, regulatory changes, cybersecurity threats and social inflation.

This market update highlights key coverages essential for financial institutions and provides insights into industry segments, including banks, insurance companies and asset management firms. It reflects a competitive, yet challenging landscape shaped by robust capacity, increasing claims severity, and emerging risks.

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The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer financial, tax, legal or client-specific insurance or risk management advice. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis. Insurance brokerage and related services provided by Arthur J. Gallagher Risk Management Services, LLC License Nos. IL 100292093/CA 0D69293