Template International Program

The international insurance service will comprises many components, a number of which are referenced below. One of the most important requirements is the appointment of a broker capable providing communication on a regular and proactive basis with the corporate office and its overseas units, and their respective local partner brokers. The management agenda will incorporate these functions:

Site visits and introduction to local management:

• Discussion regarding local needs; interaction with corporate strategy
• Exposure data gathering and analysis (sums insured and estimates)
• Introduction to local broker

Design of Insurance Solution

• Global/local placements tailored to plan
• Servicing standards outlined and agreed by all parties
• Selection of Service Providers/Carriers
• Placement strategy negotiated and costed
• Details communicated to all brokers

Pre-renewal meeting to review requirements, face to face with the master broker

• Review insurers
• Consider business needs
• Establish key covers, limits and premium budgets
• Ensure the plan links to the corporate strategy

Renewal proposal to client

• Report on meetings
• Review and change insurance as needed

Program implementation

• Issue applicable documentation, registers, certificates etc.