Article
As organizations continue to expand internationally, managing risk across multiple jurisdictions has become increasingly complex.
Regulatory requirements vary by country, economic conditions remain uncertain, and emerging threats continue to reshape the global risk landscape.
In a recent Q&A published by Leader's Edge, Brian Grabek, Executive Vice President and Head of Multinational at Sompo, shared insights on the evolving multinational insurance market, the value of coordinated global programs, and how Sompo helps clients address emerging challenges with confidence.
Multinational insurance programs are designed to provide centralized oversight of risk while ensuring compliance with local legal and regulatory requirements. Most programs are structured around a master policy in the organization's home country, supported by locally admitted policies in the jurisdictions where it operates. This approach allows businesses to maintain a coordinated global risk strategy while responding effectively to local market needs.
Perspective
At Sompo, we believe a successful program is not just built well at the start; it keeps performing as conditions evolve. Ultimately, it gives clients confidence that their insurance program can keep pace with the realities of doing business.
Brian Grabek
EVP, Multinational Leader
Brian explores which lines of business are particularly well-suited for multinational programs, the challenges and opportunities associated with delivering a seamless claims experience across multiple countries, and how technology is transforming the multinational insurance landscape.
For the Q&A, including Brian’s take on what makes for a successful multinational program, visit Leader's Edge Magazine.
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We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 138 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.
“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.
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