Banker's Blanket Bond Insurance

Designed to protect financial institutions against internal and external risks.

COMPREHENSIVE PROTECTION FOR FINANCIAL RISKS

A Banker’s Blanket Bond is a specialist, all-in-one insurance product designed exclusively for financial institutions such as banks, investment firms, insurance companies, and other financial service providers. It provides comprehensive protection against a broad range of financial crimes and dishonest acts, both from within the organisation and from external perpetrators.

Unlike standard Employee Fidelity Insurance, a Banker’s Blanket Bond goes significantly further, extending protection to cover losses arising from securities fraud, counterfeit currency, computer crime, and the fraudulent transfer of funds.

Years in the UAE

0 +

Claims Assistance

GET YOUR BANKER'S BLANKET BOND QUOTE

Specialist cover for financial institutions.

Share your details and we’ll find the right plan for your organisation.

First name

Last name

Email address

Phone Number

Corporate Insurance

Key Benefits

FAQ

What does a Banker's Blanket Bond cover?

A Banker’s Blanket Bond provides comprehensive protection for financial institutions against a broad range of financial crimes and dishonest acts, including employee dishonesty, internal fraud, forgery, physical theft of money and securities, computer and electronic crime, securities fraud, and losses arising from counterfeit currency. It is a specialist, all-in-one product designed to address the unique and complex risk profile of financial service providers.

What is the difference between a Banker's Blanket Bond and Employee Fidelity Insurance?

Both covers protect against employee dishonesty and internal fraud — but a Banker’s Blanket Bond is designed exclusively for financial institutions and extends protection to cover losses arising from external financial crime, securities fraud, counterfeit currency, computer crime, and the fraudulent transfer of funds.

What is not covered under a Banker's Blanket Bond?

Standard exclusions typically include losses arising from acts committed by senior management or directors (which fall under a separate Directors & Officers Liability policy) trading losses and market risk, losses arising from war or political violence, and circumstances known to the institution prior to the policy inception. Indirect losses such as loss of reputation or consequential business losses are also typically excluded.

How do I make a claim following a financial crime incident?

Notify GSIB immediately upon discovering or suspecting a financial crime incident, and do not confront the suspected perpetrator, alter any records, or take any internal disciplinary action before speaking to your insurer and legal advisors. Preserve all financial records, transaction logs, audit trails, and evidence related to the suspected incident. File a report with the relevant UAE authorities where required. Our claims team will help manage your entire claims process.

Insurance THAT FITS YOUR NEEDS

Whether you’re protecting your family, your business, or planning for the future, our comprehensive range of insurance solutions ensures you receive the right level of protection.

Let's Find the Right Coverage Together

Whether you’re looking for personal insurance or corporate risk solutions, our advisors are ready to help.

Commercial Insurance

Specialty Insurance