Nobody Has Read All Three Policies Together
Your bank carries cyber insurance, a fidelity bond, and a D&O policy from different carriers. Each carrier writes exclusions assuming another policy covers it. For incidents like wire fraud, vendor breaches, or ransomware followed by a regulatory investigation, the result is gaps where no carrier pays.
Where Bank Insurance Breaks Down
"Is that a cyber claim or a bond claim?"
An employee clicks a spoofed email. A wire transfer goes out. Your cyber carrier says it is social engineering under the fidelity bond. Your bond carrier says it is computer fraud under the cyber policy. You are stuck in the middle.
"The board got sued after the breach"
Regulators investigate your board's cybersecurity oversight. Your D&O policy excludes claims "arising from" a cyber event. Your cyber policy does not cover board liability. Nobody pays for the defense.
"We had coverage. We thought."
Your cyber policy requires MFA on all remote access. Your core banking vendor does not support it. After a breach, the carrier rescinds coverage based on a warranty you did not know you were violating.
The Risk Intelligence Report
I review your cyber policy, fidelity bond, and D&O side by side, reading the actual policy language, not just the declarations pages. Then I map how they interact against real incident scenarios your bank is likely to face: which policy responds, which denies, and where the seams are. You get a board-ready report with uninsured exposure quantified in dollar terms.
Your Examiner Will Ask How You Know Your Insurance Is Adequate
They expect a better answer than "Our broker said we are covered." Send me the three policies. I will show you where they agree, where they conflict, and where no one pays.
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