The term “financial lines” has its origins in Anglo-Saxon countries, especially in the USA, and is made up of “financial loss” and “insurance lines”.

The "Financial Lines" are financial loss and cost insurances. Financial loss is a damage that is neither personal injury nor property damage, nor is it derived from such damage. A holistic support in the field of financial loss requires a combination of different financial loss and cost insurances.

The core product in the Financial Lines division is Directors & Officers (D&O) insurance. Financial Lines also includes also professional liability, fidelity (crime) and cyber insurance.

In order to analyse the risk analysis, it is advisable to assess both topics, financial loss and cost coverage, simultaneously. It is not unusual that claim reports concern at the same time both D&O and E&O (i.e. errors & omissions insurance, which covers companies against the economic consequences of errors and omissions and is therefore pure financial losses). Often, damage is also reported under the D&O and the property damage insurance at the same time. However, if you only recognize the connection at the time the claim is reported, it may be too late for a risk analysis and a meaningful product design. Synergies deriving from the conclusion of a combination of such policies can then only be achieved for the future.

Financial lines and the associated risks should therefore always be considered in conjunction with one another.