Multinational organizations have often carved out some lines of coverage from their global program, opting to purchase the needed insurance in a specific country or region. In recent years, as they contended with a more challenging insurance market, many organizations have explored the option of replacing their entire global programs with coverage purchased in the different countries where they operate.
In this episode of Risk in Context, Diana Accordi, Multinational Advisory Practice leader for Asia, Corinne Boeri, Multinational Advisory Practice leader for France, Elvira Lacalle Bertrand, Multinational and Real Estate Practice leader for Spain, and George Scaglia, US Multinational Advisory Practice leader, discuss this trend and when it can help organizations better manage their risks. They also talk about the potential risks of moving away from a global program and share advice on how to improve a program overall.