Globex equips Partner Brokers with the capability to market, sell, deliver and control a true worldwide risk management capability that immediately differentiates them from their competition and “levels the playing field” against the global brokers.
Effectively positioned as an in-sourced international department, Globex adds value by proactively working with its Partners to generate new multinational business. We provide Partners with access to a broad range of products and services specifically designed to meet the needs of multinational companies.
- County Information
- Training and Education
- Risk Assessments
- Existing & Prospective Customer Sales Calls.
- Customer focused Program Design, Marketing & Implementation.
- Ongoing Program Management & Evaluation.
- Access to the Globex International Partner Network
- Non-owned, managed network in 160 countries.
- Over 300 Broker Relationships
- Inherently Flexible to recognize customer needs & wants.
- All principal property & casualty Classes, whether on a global or local level.
- Specialty Products – Directors & Officers, K&R, Clinical Trials, Political Risks and International Surety.
Global Risk Management Services
Companies of all sizes continue to expand outside their home countries. In order to retain and prospect new business in the global economy, a broker must be capable of accurately assessing risks and exposures not only in their home country, but overseas as well. Too often, local and global coverages do not accurately reflect a customer’s multiple country exposures. Our goal is to establish you as a global broker in order to effectively manage a customer-driven global risk management program.
Critical Global Risk Management Questions:
- Do you know what your total cost of risk is, i.e. premiums,taxes, fees,
commissions and losses, in each country where you have operations?
- Do you have the same degree of control over your international program/risks as you do over your domestic program?
The Unique Globex Response: Global Risk Assessment
Globex Broker Partners can take advantage of our unique Global Risk Assessment to help multinationals bring all this information together in a single document.
What is a Global Risk Assessment?
A local site visit by qualified professionals.
An independent assessment of local exposures, values & costs.
A review of existing service providers (brokers underwriters, third parties).
A detailed discussion with local management about current operations, likes & dislikes of the current risk management program.
A summary of current insurance arrangements.
Observations and recommendations that will bring together a local as well as a global standpoint.
A powerful planning tool to minimize your cost of risk.
An up-to-date “roadmap” to better manage and control your overseas risk management program for future growth.
It is not:
Simply a review of local policies & coverage.[/one_half]
We provide services on a multilingual, local and multinational basis.
We are represented in 160 countries across the globe.
We are able to provide our service alongside of existing relationships so as not to upset local or global service providers.
We have a wealth of practical knowledge and understanding of local customs, laws, policy forms and insurance regualtions.
We provide an independent, third set of eyes via local experts coupled with a team of international insurance experts with over 200 years of international risk management experience.
In addition to detailed country reports we provide you with recommendations on how you can improve your current program from a coverage, cost and structural standpoint.
Our goal is to help you establish a platform upon which you will eventually be able to manage your international program to the same extent as you do your domestic program.
Global Special Risks
Directors & Officers Liability
Relying solely on a non-admitted coverage often does not protect local directors or managers or managers sent overseas to work abroad from the parent company.
Many countries do not recognize certain aspects of a typical US issued policy. Corporate Indemnification, Legal Defense Costs, and Payment of Premium issues can vary widely from what the insured in the US would like their intended coverage response to be.
In response to this landscape, Globex has developed a database to allow us to compare the current D&O environment, conditions, and insurance availability in more than three-dozen prominent markets against the different solutions available. This database is based on our own client centric view of the key issues for handling overseas D&O exposure.
Kidnap, Extortion & Detention
Kidnap, Extortion and Detention are real dangers for companies operating overseas often in important developing markets for their businesses or organizations. Standard package policies often exclude or limit coverage for important ‘hot spots’ that insureds operate in.
Globex, in conjunction with the market leaders for this class of business, can provide Kidnap, Extortion and Detention, Emergency Response, and Business Interruption coverage extensively tailored to a client’s needs.
In an ever growing number of countries, coverage for Clinical Trials is compulsory and a local policy must be issued. Policies in some countries are written on a “no-fault” basis, whereas in others they are liability based. Where coverage is compulsory, certain minimum limits very often apply.
Frequently, the acknowledged providers of Clinical Trials insurance here in the US are unable to extend their reach to some of the emerging clinical trial locations.
Globex is able to provide a solution for all clinical trials exposures outside North America, whether on a single country or multi country basis.