Your Bank Audits Everything. Except Its Insurance.
One independent audit shows you which policies pay and which deny, before a claim does it for you.
"We Thought That Was Covered."
Spoofed email. Fraudulent wire.
Cyber policy says "not our claim." Bond says "not covered."
Nobody pays.
First claim eats the limit.
A data breach burns through your cyber aggregate. Months later, a wire fraud hits.
There is nothing left to pay.
Your policy requires MFA everywhere.
Your vendor doesn't support MFA, a breach happens.
Carrier denies the claim.
Five Banks. Five Carriers. The Same Gaps.
Different asset sizes, different carriers, different program structures. The coverage failures were similar in every one.
Every D&O policy excluded cyber-related claims. After a breach, the cyber policy doesn't cover board defense. The D&O policy won't respond either. Neither one pays.
Wire fraud coverage topped out at $100K to $500K. One bond had a 50% co-payment clause. On a $2M loss, the bank absorbs over $1M.
Vendor outage coverage ranged from $100K to zero. One bank hadn't purchased it at all. It was available in the policy form. It never came up at renewal.
These gaps are structural, not carrier-specific.
Read the full analysis →What the Risk Intelligence Report Shows You
- Which insurance policy responds to each incident type, and which denies
- Exclusions, sublimits, and conditions that can block a claim
- Vendor risks your policies sublimit or exclude
- Where policies overlap, where no policy pays, and what it costs you
- Delivered in less than a week: Written report plus 30-minute walkthrough.
Who Is Behind Breezy Risk
I'm Joerg Proeve. I spent my career in insurance, at carriers, startups and MGAs, where coverage decisions are made. Started in cybersecurity.
I don't sell insurance. I audit it.
More about my background →