The one-hour session will provide a comprehensive overview of underwriting multinational risks, covering the entire process—from initial submission to internal workflows—while emphasising the importance of collaboration and effective structuring of multinational programs.
The session aims to educate attendees on the fundamental principles of multinational risk management and the best practices that should be adopted across the market. This will be illustrated through a case study that provides a narrative across the entire multinational timeline.
Key topics include:
1. Submission creation – gathering information and presenting it to the insurer
2. Insurer submission review – Defining requirements and needs
3. Underwriting the program – Evaluating risk and ensuring compliance
4. Multinational assessment – Reviewing the insurer network and assessing program support needs
5. Articulation of solution – Quoting and presenting the multinational program proposal
6. Binding and implementation – Providing instructions and issuing the policy
The session will also provide valuable insights on improving the Multinational process for risk managers, with practical advice on addressing potential gaps in program structure.
By the end of the session, you will be able to:
- Identify the end-to-end process of underwriting multinational risks from initial submission to policy issuance.
- Master the creation and presentation of comprehensive submissions to insurers, ensuring all necessary information is included.
- Learn to evaluate and underwrite multinational programs, ensuring compliance with local and global regulations.
- Develop the ability to assess and optimise insurer networks, supporting multinational program needs effectively.
- Gain practical insights on addressing gaps in multinational program structures improving overall risk management practices.
Speakers:
Matt Hoare, Head of Multinational Risk Insurance, Sompo
Christian Crozier, Head of Casualty – UK Commercial Lines, Sompo