An Introduction to Global Insurance Programmes
Course Overview
As businesses continue to expand internationally, they and their insurance advisors must understand how to build multinational insurance programmes that best protect the company's assets, earnings and liabilities in each location.
The programme needs to comply with the myriad of different insurance regulations and tax obligations across the globe.
In this webinar, insurance expert Neil Park outlines the critical fundamentals necessary to be aware of when designing a robust multinational programme - illustrated with information examples and resources.
Underwriters and brokers who are new to placing, underwriting or coordinating international insurance programmes on behalf of multinational organisations.
Managers of corporations with a strategic ambition to expand internationally, who wish to learn more/ set up a multinational insurance programme.
At the end of the workshop you will be able to:
- Describe the main benefits of placing multinational Property and Casualty programmes from the point of view of the insured
- Axco Solved tick Outline the potential structure of a multinational insurance programme
- Axco Solved tick Outline how different territories’ tax and insurance rules can influence the structure of a multinational programme
- Axco Solved tick Describe how coverage can be structured to ensure consistency of coverage globally as well as ensuring compliance with local requirements
- Axco Solved tick Ensure that multinational programmes are managed efficiently from a placing, claims and compliance perspective
Part Two: Dealing with the Complexities of Global Insurance Programmes
Course Overview
Following on from the Introduction to Global Insurance Programmes, this course takes the subject to a more advanced level.
In this webinar, we take a closer look at the key stages in the lifecycle of a global programme and examine the key activities that should be undertaken at each step in the process to ensure the programme is operationally efficient and compliant.
Insurance expert Neil Park will examine the nuances of designing a global insurance programme, working through a case study to build a program from submission through to bind. Neil will take you through the creation of an example premium allocation, how to create best practice local policy instructions, and an effective claims handling process. All are illustrated with information examples and resources.
Underwriters and brokers who have experience in placing, underwriting or coordinating multinational insurance programmes on behalf of multinational organisations.
Managers of organisations that have a multinational insurance programme.
- Describe the journey of a global insurance programme and understand the key operational activities that should be undertaken at each stage
- Explain how to design a global insurance programme to ensure that it operates efficiently
- Describe essential territorial nuances that must be considered prior to quoting a risk, i.e. country-specific hazards and local tariffs
- Describe the principles of a best practice approach to creating a premium allocation, in view of the application of taxes and other territorial nuances that should be considered at this stage.
- Describe the main requirements when administering local policy requests to ensure key information is captured to avoid delays in policy issuance
- Explain how to create a claims process that ensures claims are handled quickly and compliantly
- Outline how technology is increasingly being used to support the administration of global insurance programmes
Ready to talk? We're here to help.
Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.