International Insurance for Risk Managers and Insurance Buyers

This course in International Insurance for Risk Managers and Insurance Buyers explores domestic and international insurance. It provides participants with the knowledge, tools and support needed to enhance an insurance buyer's ability to build and purchase their firm's domestic and international programme.

By the end of this course, participants will be able to:

• Appreciate how the relationships between the parties involved work
• Understand why a client needs both a domestic and local broker
• Understand what a client can expect
• Optimise international communication processes
• Understand how claims work
• Understand how brokers get paid
• Explore tax, compliance and regulatory issues and responsibilities

CONTENT

• The parties involved in the placement of an international insurance programme, understanding each of their relationships to each other and how control is maintained
• Client-broker-carrier relationship management - understanding why and how each relationship is critical to a well-placed international insurance programme
• Understanding the processes and procedures that the controlling and local broker use to run and manage an international insurance programme on the client's behalf
• Understanding the ways international insurance programmes can be run effectively
• The nuances of communicating internationally
• The expectations of all of the parties involved in the international programme
• Fee/commission structures for controlling and local brokers

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.