Case study
Teamwork leads to custom program to address coverage gaps in four countries – in one week
Sompo’s Life Sciences and Multinational specialists leveraged their collective expertise to quickly help a global manufacturer identify and address gaps in its insurance portfolio with a custom, compliant multiline insurance solution in four countries.
- Industry: Life Sciences
- Line of business: Property, GL, Products, Auto, WC, Umbrella, Casualty
- Premium: US $1.1m
- Countries: US, UK, France, and Germany
- Producing office: US
The Challenge
Sompo had one week to develop a compliant insurance solution to meet the complex needs of a global life sciences company.
The Solution
Sompo’s Life Sciences and Multinational team leveraged their experience and expertise to carefully assess the client’s needs and, in the process, identified gaps in the client’s existing insurance program. Drawing on the resources available across Sompo’s integrated Multinational platform, the Sompo team impressed the broker and client with a solution offering consistent, compliant insurance products and services tailored to the company’s specific needs.
Teamwork and communication across our global network enabled us to quickly respond to and address this client’s needs in the face of a very tight deadline. Our ability to identify and address gaps in their existing insurance portfolio and tailor a solution that was in compliance with local regulations was key to our ability to gain the client’s trust and earn their business.
Juan Carlos Rehder
SVP, Life Sciences
Global coverage
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