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Risk in Context Podcast: Debunking global insurance program misconceptions

In this episode of Marsh’s Risk in Context podcast, David Rahr, talks to Praveen Sharma, Diana Accordi. They discuss the major challenges that multinational companies are facing and the top misconceptions about global insurance programs.

06/14/2022 · 2 minute read

As the world becomes more connected, companies are increasingly operating in different countries and regions. And risk managers are seeking risk management strategies and insurance programs to mitigate their evolving risks.

In this episode of Marsh’s Risk in Context podcast, David Rahr, global leader for Marsh Multinational, talks to Praveen Sharma, global leader for Marsh’s Insurance Regulatory and Tax Consulting Practice, Diana Accordi, multinational advisory leader for Asia, and Ana Flavia Oliveira, multinational country leader for Brazil. They discuss the major challenges that multinational companies are facing and the top misconceptions about global insurance programs.

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Key takeaways

Solid data critical to secure coverage.

Underwriters are demanding more information before deciding whether to take on a risk. Insureds need to be prepared to share values, exposures, and claims information during the placement or renewal process.

Complex global programs require planning.

As they structure their global programs, companies should focus on consistency of coverage and claims management, compliance with local regulations, and administrative efficiencies.

Understand potential responses to current and emerging risks.

Multinational companies structuring a global program should constantly review how their coverage would respond to current and emerging risks and make agile changes where necessary.

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