— As Europe faces long-term low economic growth and emerging markets become more important to UK businesses, companies increasingly have foreign subsidiaries. This growing internationalisation has created greater complexity as their foreign exposures rise.
— Implementing a multinational insurance programme for these businesses does not have to be an onerous undertaking.
— Chubb has the knowledge and expertise to help multinational companies manage risk around the world. As well as our geographic reach we have invested in delivering a superb service to our customers, such as our Chubb Global Accounts team, wide product range, underwriting expertise and claims resolution ability.
Chubb Multinational Partner has been developed in direct response to requests and feedback we received from brokers throughout the UK. It is a very comprehensive package policy designed to meet the needs of a broad range of mid-market multinational clients. It is very flexible and can be extended to include a wide variety of property, business interruption and liability covers. The product can be fine-tuned to adapt to clients specific demands and can be extended to include emerging and challenging risks such as terrorism and political violence as well as environmental liability on a global basis.
Experienced and empowered local underwriters
Advice and guidance on the structure and implementation of the programme
Expert support in local policy requirements and standards
Dedicated account management team
Dedicated network team
Suite of global IT programmes enabling clients to access their documentation and information whenever they need it
Our team of Global Services Executives understand various cultures, rules and regulations relating to global insurance. They work closely with our underwriters to ensure that we offer considered programme structures which comply with local regulations whilst also meeting the needs of our clients. They ensure that programmes are implemented within our strict service standards with full transparency and that the Chubb offices and partner insurers around the world issue the policies and any certificates on time and accurately.
Whilst it will always be the quality of our people that will be the true driver of our service excellence, they are supported by innovative technology to help implement and manage our global programmes.
Claims are the acid test of any insurance programme and this is even more important for a multinational programme Claims – particularly if overseas - can be very complex and involve multiple parties. Our global claims handlers have the knowledge and expertise to manage the process ensuring clients receive an effective, efficient and fair resolution.
Why is a multinational programme useful?
ability to define and implement the level of risk that should be retained and insured by each overseas subsidiary
one global insurer can use its managed network to put consistent insurance coverage in place across the client’s global operations
the global insurer will work to common standards and can also provide a local service, e.g. claims handling and the provision of certificates.
understanding the financial strength of the insurer
concern about operating compliantly in all territories - Chubb has knowledge and expertise in the regulatory and legal arenas of global insurance