Fraud risk reviews for underwriters

Underwriters that write Fidelity policies have a need to understand the risks faced in providing cover. Organisations are able to reduce the risk of losses through employee theft through the introduction of internal accounting controls.

We are able to review the business operations of an entity and provide advice to underwriters on the nature of internal controls that should be in place to address the primary risks faced by an organisation. These internal controls can then be written as mandatory requirements into Fidelity policies.

In the circumstances of a claim under the policy, if a prescribed internal control has not been put in place or complied with, an underwriter is able to limit their exposure.