Case study
Sompo’s Multinational expertise secures key win by restructuring non-compliant program with localized solutions
Sompo’s Multinational team leveraged its expertise to restructure a non-compliant program utilizing local policies to address the client’s regulatory and operational needs in three countries.
- Industry: Transport & Logistics
- Line of Business: Marine
- Gross Written Premium: US $300K
- Countries: UK, Switzerland, Australia, Brasil, Germany, US, UAE, Singapore, Saudi Arabia, Netherlands, Aberbaijan, Turkey
- Producing Country: UK
The Challenge
A UK-based logistics company needed help implementing a compliant Freight and Shippers Interest insurance program. The client’s current program had been placed incorrectly, therefore turning to Sompo for assistance.
The Solution
Sompo’s Underwriting and Multinational teams met with the client and their broker to explain the benefits of a master program with local policies in providing consistent insurance that is compliant with local regulations. Impressed with Sompo’s expertise and empowered by the knowledge provided by the team’s customized consultation, the client selected Sompo as its new multinational insurance program provider.
Expert insight
Sompo’s expertise and responsive service were key in securing the trust of the client and broker. This case is a great example of the power of our collaborative approach in serving client needs.
Jon Clare
Head of Retail Marine, Cargo and Transport & Logistics, UK Regions
Global coverage
Does your business operate across borders and continents?
Speak to our Multinational experts about a convenient, consistent approach to accessing global coverage that is compliant with local regulations.