Structuring an international programme to avoid surprises

Structuring an international programme to avoid surprises

Structuring an international programme to avoid surprises

International insurance programmes are no longer simply for large multinationals. As the world has got smaller, many medium-sized companies are now operating internationally and as a result, are looking at the issue of how to structure an international insurance programme. This needs to be carefully structured to take into account a number of important factors, including cost, control, consistency and…

How to keep ahead of evolving fine art and specie risks

How to keep ahead of evolving fine art and specie risks

How to keep ahead of evolving fine art and specie risks

Fine art and specie is a class of insurance available to clients across sectors and in countries around the world. Graham Hawkins, global chief underwriting officer of fine art and specie at XL Catlin, discusses how advances in technology are impacting some of the most prominent risks for clients and considers the benefits brought about by international insurance programmes. What…

The benefits of international programme training

The benefits of international programme training

The benefits of international programme training

For insurance products and classes of business, there is no shortage of training and education programmes available to brokers and customers. But when it comes to international programmes, it is a very different matter. International programmes are inherently complex. When you are dealing with multiple countries, the regulations, language, currencies, risk landscape and compulsory requirements all combine to make it…

Whatever happened to the underwriting cycle?

Whatever happened to the underwriting cycle?

Whatever happened to the underwriting cycle?

Back in the 80s and 90s, there was one constant: the underwriting cycle. Indeed, one could be forgiven for thinking that there was only one topic of conversation back then. Not the weather, but where the re/insurance industry was in the cycle. Hard or soft? Hardening, softening, or a curate’s egg (soft in places)? The market, the ratings agencies, conferences…

Insurance regulation in Africa: CIMA – the benefits and challenges

Insurance regulation in Africa: CIMA – the benefits and challenges

Insurance regulation in Africa: CIMA – the benefits and challenges

Understanding changing insurance markets and regulatory developments is critical to making sure multinational programmes are compliant and competitive, no matter where they are located, and the implications can be challenging. Insurance regulators are increasingly looking to nurture risk capacity, cultivate insurance expertise and retain premiums within their insurance markets – and this can have important consequences for multinational companies, particularly…

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

As the UK Government sets out its desired future relationship with the EU and the negotiations move into their final phase in the coming months, it will come as no surprise that Brexit is a subject featuring more and more in our conversations with customers and distributors alike. Understandably, they want to know what the post-Brexit world will mean for…

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such as compulsory domestic cessions to state reinsurers, the introduction of minimum net premium retention levels, market capacity sharing and higher capital requirements for reinsurance cessions overseas. Erich Bentz, network partner relationship manager for EMEA and regional director of global programmes…

Multinational insurance: what can go wrong when something’s not right

Multinational insurance: what can go wrong when something’s not right

Multinational insurance: what can go wrong when something’s not right

The fast-paced expansion of regulatory change and corresponding scrutiny worldwide make it increasingly challenging to manage multinational insurance programmes. While regulatory landscapes continuously shift, the need for companies to carefully consider how they structure multinational insurance remains constant. There are many options – ensconcing coverage in multiple local policies, relying on a single global policy, or combining both in a…

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