Risk Alert - Crime Insurance

Risk Alert - Crime Insurance

Economic crime continues to be a major concern for organisations of all sizes, across all regions and in virtually every sector. One in three organisations reports being hit by economic crime, with both developed and emerging markets affected.

The five most consistently reported types of economic crime are asset misappropriation, bribery and corruption, procurement fraud and accounting fraud – with cybercrime now in second place in 2016 in terms of frequency, having been steadily on the rise since 2011.

Today, more than ever, it is obvious that businesses need to do everything in their power to limit their exposure to these risks and mitigate the cost of damages likely to be caused by commercial crime in the future.

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