John Hurrell discusses a world service
Most risk management issues cross national boundaries, and none more so than the global compliance of insurance programmes. A survey in June found that the near impossibility of guaranteeing the legality of programmes was near the top of Airmic members’ concerns.
We are not alone: it was one of the big talking points at the recent Ferma Forum in Stockholm, where there was a consensus that we should tackle this subject together.
Encouragingly, this view increasingly extends to insurers and brokers. The one way to address the confusing and often-changing network of rules affecting insurance tax and admissibility around the world is to have a complete, constantly updated database. Where this might once have been seen as a source of potential competitive advantage, such is the scale of the problem that there is a growing desire to work together.
Of course, that on its own does not guarantee victory, but it is a great start.
John Hurrell is chief executive of Airmic
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet