AIG vs Markel: Commercial Crime Insurance

Markel Insurance lists eCrime within the fraud section of Cyber 360, covering expenses from unauthorized transfers and fake payment instructions; AIG markets crime insurance for commercial and governmental entities, including computer fraud.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-30

What Are the Key Differences Between AIG and Markel Insurance Crime Insurance?

Crime policy or cyber eCrime feature

AIG markets a crime insurance product covering potential loss of money, securities and assets through fraud or theft. Markel's cited eCrime feature appears within Cyber 360's fraud and unauthorized-use section; its reviewed claim does not establish a standalone commercial crime policy. Ask Markel whether it can quote standalone crime and compare any eCrime sublimit with AIG's crime form. [1] [4]

Listed loss types and policy scope

AIG's crime summary includes computer fraud alongside dishonesty and theft. Markel says its Cyber 360 eCrime may address fraudulent transfers and fake payment instructions, subject to policy terms. These descriptions target overlapping but not identical pathways; ask whether a social-engineering transfer is handled under a crime policy, a cyber policy or both, and which limit applies. [1] [4] [4]

What Should You Confirm in AIG and Markel Insurance Crime Insurance Quotes?

  • For AIG, ask for the exact policy form, covered-event schedule and limits relevant to the differences above. [1]
  • For Markel Insurance, ask which carrier, endorsements and application route apply to the quoted placement, and confirm the specific terms above. [4]

Crime coverage

AIG

  • role: AIG markets crime insurance as a risk-bearing insurance product for commercial and governmental entities, separate from its financial-institution bond offering. The policy issuer is not named for a particular buyer. Role in this product is limited to the description on the linked AIG source.company-reportedSource ↗
  • eligibility: AIG says its crime insurance is available for commercial and governmental entities. Financial-institution bonds are described separately for banks, non-bank lenders, asset managers and insurance companies. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.company-reportedSource ↗
  • coverage: AIG describes potential crime coverage for loss of money, securities and other assets from dishonesty, theft or fraud, including computer fraud. AIG links a CrimeGuard Choice sample policy; actual terms and state availability vary. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.company-reportedSource ↗
  • services: AIG identifies a dedicated underwriting team and experienced claims professionals for its Crime and Fidelity business. The page does not promise claim outcomes or specify account-level service terms. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.company-reportedSource ↗
  • limits: The reviewed page and linked product overview do not state a standard buyer-specific limit, retention or deductible. Confirm those in the quote and issued policy. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.not-disclosedSource ↗

Markel Insurance

  • role: Markel lists eCrime within the fraud and unauthorized-use section of Cyber 360; the reviewed source does not establish a standalone commercial crime policy from this page. Cyber policy component only; not a fidelity bond.company-reportedSource ↗
  • coverage: The page says eCrime may cover expenses from fraudulent activity such as unauthorized money transfers and fake payment instructions, subject to policy terms. Cyber 360 marketing description; does not establish a general crime-form grant.company-reportedSource ↗
  • eligibility: Markel describes these resources and coverages for Cyber 360 policyholders; the exact availability and terms require the quoted policy. Policyholder-specific access and policy wording apply.company-reportedSource ↗

AIG markets a crime insurance product covering potential loss of money, securities and assets through fraud or theft. Markel's cited eCrime feature appears within Cyber 360's fraud and unauthorized-use section; its reviewed claim does not establish a standalone commercial crime policy.

Sources consulted

  1. 01
    Crime and Fidelity Insurance

    AIG · Official AIG page, lines 242–270 and 353–354: crime-loss examples, commercial/government entity audience, CrimeGuard Choice sample policy/application, and policy/state availability caveat. · accessed 2026-09-30

  2. 02
    Commercial Insurance Guide

    California Department of Insurance · Crime · accessed 2026-09-16

  3. 03
    Social Engineering Fraud Insurance

    Chubb · Opening; coverage highlights · accessed 2026-09-16

  4. 04
    Cyber Insurance Coverage

    Markel · Cyber 360 coverage options: media liability; technology professional liability; eCrime; coverages listed within the cyber policy · accessed 2026-09-29

  5. 05
    Crime Terms and Conditions

    The Travelers Companies, Inc. · I.A–G, printed/PDF pages 1–4; III.RR, printed/PDF p.13; V.B.1–2, printed/PDF pp.18–20; Consideration, printed/PDF p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; I.A.3 p.1; III.C p.7; III.S pp.8–9; III.II and III.KK p.12; III.QQ p.13; V.A.5 pp.17–18 (printed/PDF pages); IV.J–O, printed/PDF pages 14–15 · accessed 2026-09-16

  6. 06
    Crime Non-Financial Applications and Forms

    Travelers · Opening paragraph; Sample Policy Forms · accessed 2026-09-16

  7. 07
    Commercial Crime Coverage Application

    Travelers Casualty and Surety Company of America · I–III pages 1–2; IX–XI pages 3–4; V–VII, printed/PDF pages 2–3 · accessed 2026-09-16

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