Amrae publishes paper to help members tackle global programmes

The emphasis of the document is on practical solutions for risk managers and insurance buyers, said Zaïella Assaoui, Group Insurance Manager at Yves Rocher, and one of the authors of the study. The paper was developed by an Amrae committee created to address risk manager concerns over global programmes that first started work on the guide in 2008. The discussions within the committee identified some of the main challenges faced by French managers when organising insurance coverage for international operations. “The first big difficulty is to identify the policy of the group concerning its units abroad,” said Ms Assaoui.hideSome companies tend to centralise the management of activities like the purchase of insurance, in which case global programmes are managed from their French headquarters. But others delegate more autonomy to their foreign subsidiaries. “In our discussions, I've learned that it is possible to work with global programmes in several different ways,” Ms Assaoui pointed out. “One company explained to us that after the general principles of the global programme are outlined, subsidiaries enjoy a level of autonomy to make their own arrangements. Their system was a surprise for me at least, but it works very well for this particular group,” she said. The 177-page booklet details the advantages and problems involved in working with master policies or purchasing local coverage in foreign markets. It explores the possibilities created by hiring a big multinational broker or a global network to help draft the programme and the services provided by global insurers that offer international coverage. Processing of claims and the management of financial and legal aspects also receive consideration. It also discusses the importance of establishing an insurance policy to meet the culture of an organisation. The theoretical part of the paper runs to 20 pages. The other 150 or so pages reproduce samples of documents and forms that can be helpful for risk managers when working on a global programme. The goal was not to exhaust the subject, said Ms Assaoui, but to provide basic information that will be the basis for further discussion to take place—particularly on Amrae's online forums for its members. “The paper is not the end of our work, but only its first stage,” Ms Assaoui said. “It provides a basis to help risk managers face this challenge with some level of information at their disposal. We will continue to debate the subject of global programmes further, tackling the most technical questions as the discussions evolve.” The paper benefited from the output of Amrae members with vast experience of global programmes. Besides Ms Assaoui, the authors include Laurence Beyer, Risk Manager at Imerys, Isabelle Cremieux, Chargé d'affaires at EDF Assurances, Anne-Marie Fournier, Risk Manager at PPR and Vice-President of Amrae and François Malan, Director of Risk Management at Nexity. The paper, which has already been published in French, can be downloaded from Amrae's website, at www.amrae.fr. A version in English is expected soon.

Amrae publishes paper to help members tackle global programmes

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