The arrangement and purchase of fully compliant multi-national insurance programs to protect operations at both local and head office level remains difficult and complicated. There are a myriad of specific laws and regulations in different countries around the world, some of which are straightforward and others are distinctly opaque and unclear. This can lead to uncertainty, unpredictability and ambiguity.
This guide has been produced with the following purposes:
• Identify the issues that need to be addressed and the associated responsibilities in ensuring compliance of multi-national insurance programs.
• Outline the importance, difficulties and the consequences of non-compliance of multi-national insurance programs and the availability of relevant data.
• Present a checklist of questions that the insurance buyer should ask of the insurer and/or insurance broker to gain assurance on compliance concerns and responsibilities.
• Describe the range of information available on the Axco ‘Insight Risk Manager' database developed specifically to provide information to insurance buyers.