Product Recall Are You Prepared?
|
|
- Janis Hoover
- 6 years ago
- Views:
Transcription
1 Product Recall Are You Prepared?
2 Product recalls are increasing A key theme for prudent risk managers 900 US Vehicle Recalls Per Year Recall Count Influenced Uninfluenced Year Source: NHTSA Interventionist regulators, pressured margins, complex supply chains, better technology and the proliferation of social media have led to an increase in the incidence and severity of product recalls. Globalisation has yielded great benefits for manufacturers in the form of higher productivity and better cost efficiency. The move towards more global business models also creates key risks. Some manufacturing risk can be mitigated using technology, but errors can and do affect even the most prestigious product manufacturers. A spontaneous and overly energetic chemical reaction to humidity within airbag inflators has led to the third consecutive year of losses for a major Japanese automotive component manufacturer. Total recall losses in 2016 came to over US$ 550m. Crisis planning and exceptional quality controls are key to mitigating the risk of product recall. Insurance cannot replace such practices, but product recall insurance can support and complement an effective risk management strategy. 2 willistowerswatson.com
3 Who do we work with? Who buys Size? Automotive Components Food & Drink Consumer Goods Aviation Components Revenues of GBP 10m to GBP 8bn. Publicly traded or privately owned. Why buy? Where? We work with companies all around the world but most frequently with: Aggressive Regulatory Environment Negative Social Media Complex Supply Chains Contract Stipulations US Europe China Japan The market Taiwan Over 23 Insurers USD 350m Deployable Capital Lloyd s + USA Hubs Australia New Zealand Product Recall Are You Prepared? 3
4 Key claims statistics and themes Q4 2016: Top auto hazards by % of recalls Injuries 86.7% Fire 9.2% Other 4.1% Airbag Seats Brakes Fuel Related 5 Top passenger vehicle recall causes US recalls per week 22 European recalls per week Top Consumer Categories by # of recalls Top consumer Hazard by % of recalls Toys Clothing, Textiles & Fashion Injuries 13.9% Chemical 26.0% Electrical Appliances & Equipment 48 Top food categories by # of recalls Choking 16.8% Electric Shock 18.4% Top Food causes by # of recalls 100s Rest of World recalls per week Produce Aflatoxins (Toxin) 151 Nuts/Nut Products/Seeds Bacterial Contamination 142 Fish/Fish Products Chemicals 112 Source: Stericycle Expert Solutions: European Recall & notification index Q willistowerswatson.com
5 Specialised product recall vs CGL and generic recall extension Standalone product recall coverage is significantly broader Coverage Specialised Product Recall Extended Product Liability Recall expenses Recall costs * Physical/Chemical analysis of product to establish cover Inspection costs Destruction costs Product replacement costs Slotting and re-slotting fees Rehabilitation of brand (to restore sales and market share) Public Relations assistance Promotional offers Sales and marketing expenses Point of sale notice s Advertising costs Business interruption 12 Months loss of gross profit Overhead s including wages/salaries and depreciation of plant and machinery Clean down and repairing of machinery or plant Subcontracting of manufacturing All affected products included Consultancy advice Crisis Consultancy cover with no deductible Damages Resulting from product liability litigation Triggers Cover for product that would cause bodily injury or damage. Cover for products that fail to perform their intended function. ** Recall ordered by government authority Cover for alleged product safety issues (Adverse/Negative Media) * Not given as standard and likely to be sub-limited. ** Failure to perform coverage (Product Guarantee) only available for certain manufactured products (not food & beverage). Product Recall Are You Prepared? 5
6 Stages of a product recall Typical indemnity available at each stage Start of crisis Product Repair or Replacement Inspection Costs Safe Product Disposal and/or Salvage Step 7 Disposal Step 6 Retrieval Step 8 Remediation Recall Cycle Step 1 Inspection Step 2 Announcement Step 3 Cancellation Crisis Communications Costs Business Interruption Transportation, Notices, Credits Step 5 Resources Step 4 Reputation Labour Hire, Extra Warehousing Advertising and Promotional Activity + Media Management 6 willistowerswatson.com
7 Why choose us? Expertise/Credentials Approx. 25% of the full-time Product Recall specialists in the London market making it the largest team Placement undertaken for large and complex listed companies FTSE 100 and Fortune 500 Expertise in all product recall areas First to establish an Aviation Product Warranty Facility. Testimonials Such an amazing experience for working together! What you provided to us is just what we really need. Willis Towers Watson, Taiwan The timeframe was very tight for this renewal. However, thanks to the service and expertise of the UK Recall team we always succeed in completing the renewal in the timeframe required. Willis Towers Watson, The Netherlands Team size means we can advocate in the same detail for small businesses to the very LARGEST Major market share of automotive recall business Claim professionals with over 50 years combined experience Experienced, qualified and well-thought of team, including two ex-underwriters Our client was concerned that their complex risks weren t being recognised by a standard recall insurance policy. WTW Recall team listened carefully and then sourced extended coverage that not only addressed the client s main concern, but also significantly reduced costs and deductibles. WTW Recall provided the client with confidence in the knowledge that their policy would respond to an adverse event. Willis Towers Watson, UK Risk Solutions Leader Product Recall Are You Prepared? 7
8 About Willis Towers Watson A truly compelling combination Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas the dynamic formula that drives business performance. Together, we unlock potential. Willis Towers Watson can be found all around the world Business Segments 4Corporate Risk and Broking Exchange Solutions Human Capital and Benefits Investment, Risk and Reinsurance We ve been putting clients first Since Values Client Focus Teamwork Integrity Respect Excellence A strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect and a constant striving for excellence are the values at the core of the new Willis Towers Watson organisation. 14,040 People North America Great Britain 6,240 People 7,020 People Western Europe Willis Towers Watson is trusted by the world s leading organizations 11,700 People 140+ International We have 40,000 employees serving countries and territories We work with... 78% of the Fortune Global % of the FTSE % of the Fortune % of the S&P/ TSX 60 8 willistowerswatson.com
9 Product Recall Are You Prepared? 9
10 Contacts UK Jamie Webb Executive Director 51 Lime Street, London, EC3M 7DQ, UK T: m: E: USA Kevin Velan National Product Recall Broking Specialist 223 South Wacker Drive, Ste 2000, Chicago IL T: m: E: George Beattie FCII Divisional Director 51 Lime Street, London, EC3M 7DQ, UK T: m: E: Brandon Sielen National Product Recall Broking Specialist 1144 W Washington St, Scottsdale AZ T: m: E: brandon.sielen@willistowerswatson.com Louise Dorrian Cert CII Account Executive 51 Lime Street, London, EC3M 7DQ, UK T: m: E: louise.dorrian@willistowerswatson.com About Willis Towers Watson Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com. Willis Limited, Registered number: England and Wales. Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd s Broker. Authorised and regulated by the Financial Conduct Authority for its general insurance mediation activities only. FP2235/20208/04/17 willistowerswatson.com
Myanmar Representative Office. Improving performance through effective people, risk and financial management
Myanmar Representative Office Improving performance through effective people, risk and financial management An innovative and fresh approach to people and risk management An integrated offering for our
More informationThe stock throughput solution. Transit and stock in a single policy
The stock throughput solution Transit and stock in a single policy Stock throughput What is it? An All Risks Marine Cargo policy, suited to retailers, manufacturers and traders, which can include: Inland
More informationCargo Undercover Smart. Tailored. Flexible.
Cargo Undercover Smart. Tailored. Flexible. One policy, one solution Transits Storage Terrorism War on land Political violence Revolution Rebellion Insurrection Smart In today s complex world, where war
More informationLuxury Asset Protection
Willis Towers Watson Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. We deliver solutions that manage
More informationIgloo Standard Formula. Simplifying the SCR Solvency II calculation
Igloo Standard Formula Simplifying the SCR Solvency II calculation Approximately 60% of the UK market (by premium income, and excluding Lloyd s) use Igloo to support their Solvency II requirements. 9 of
More informationInsights. Turkish Insurance Bulletin
Insights June 218 Turkish Insurance Bulletin Willis Towers Watson Turkish Insurance Bulletin aims to keep senior executives around the world up-to-date with the developments in the Turkish insurance industry
More information2018 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive summary
2018 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive summary Executive summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
More informationCover title 26/29 Risk appetite gains momentum 45 light white in a changing world
Cover title 26/29 Risk appetite gains momentum 45 light white in a changing world Cover subtitle 12/15 65 medium black 2017/2018 Global Reinsurance and Risk Appetite Survey Report How is risk appetite
More informationSession 5b2 Annuity Developments in Pension Market. Janet Li, CFA
Session 5b2 Annuity Developments in Pension Market Janet Li, CFA Annuity Developments in Pension Market JANET LI, CFA Executive Committee Member, the Hong Kong Retirement Schemes Association Director,
More informationIFRS 17 technology solutions the CSM calculation
IFRS 17 technology solutions the CSM calculation IFRS 17 and the Contractual Service Margin This briefing document focuses on how to incorporate the Contractual Service Margin (CSM) calculations required
More informationThinking differently about value
Thinking differently about value Private equity (PE) has targeted the natural resources industry before. What s different this time? M&A activity in Natural Resources is on the up The first couple of months
More informationBy Dion Heijnen Head of Valuation & Financial Reporting, Hong Kong & Taiwan, Insurance Consulting & Technology
Insights March 2018 IFRS 17 does not spare anyone By Dion Heijnen Head of Valuation & Financial Reporting, Hong Kong & Taiwan, Insurance Consulting & Technology Introduction On 18 May 2017, the International
More informationNational University of Ireland Maynooth Income Continuance Plan. Information Booklet October 2014
National University of Ireland Maynooth Income Continuance Plan Information Booklet October 2014 B Overview of the NUI Maynooth Income Continuance Plan The National University of Ireland Maynooth Income
More information2016 General Industry Salary Budget Survey - Canada
2016 General Industry Salary Budget Survey - Canada Results preview Thank you for participating in the 2016 General Industry Salary Budget Survey - Canada. To express our appreciation, we are providing
More information2017 CDB Pharmaceutical and Health. Sciences Compensation Surveys - U.S.
17 CDB Pharmaceutical and Health Sciences Compensation Surveys - U.S. Participate and tap into high-quality data to refresh your pay program. When it comes to attracting and retaining talent, pay matters.
More informationProduct recalls. Contaminated products
Crisis Management Contaminated products Contamination in food products, whether by accident, malicious tampering or product extortion, continues to create havoc for consumers and businesses around the
More informationStill derailed: No relief for M&A market as deals continue to disappoint for fourth straight quarter. M&A Quarterly deal performance monitor Q3 2018
Still derailed: No relief for M&A market as deals continue to disappoint for fourth straight quarter M&A Quarterly deal performance monitor Q3 2018 Still derailed: No relief for M&A market as deals continue
More informationMANAGING EMPLOYEE RISKS FOCUSING ON MULTINATIONAL SOLUTIONS
MANAGING EMPLOYEE RISKS FOCUSING ON MULTINATIONAL SOLUTIONS Multinational Benefits, Multinational Risks Building a successful benefits strategy comes with challenges, opportunities and risks, even within
More informationUnlocking Value From Effective Retirement Plan Governance. The 2016 Willis Towers Watson U.S. Retirement Plan Governance Survey
Unlocking Value From Effective Retirement Plan Governance The 2016 Willis Towers Watson U.S. Retirement Plan Governance Survey Organizations with effective retirement plan governance are better equipped
More informationInsights. Turkish Insurance Bulletin
Insights December Turkish Insurance Bulletin Our Turkish Insurance Bulletin keeps senior executives around the world up-to-date with the developments in the Turkish insurance market a market that remains
More informationwillis towers watson network
www.erimusib.com willis towers watson network Erimus insurance brokers are members of the Willis Towers Watson network, which ensures that our clients get the best of both worlds in dealing with a privately
More informationThe Insurance Act 2015 Practical Considerations
Technical Insight The Insurance Act 2015 Practical Considerations In this note, we are looking at some of the more practical issues and concerns that arise from the recently passed Insurance Act 2015 (the
More informationCONTAMINATED PRODUCT INSURANCE (CPI)
CONTAMINATED PRODUCT INSURANCE (CPI) Access Experience. Get Results. Most companies invest a great deal in creating a product and, ultimately, a brand consumers will trust. While it takes years to establish
More informationUK TMT Industry in a post-brexit context. December, UK TMT Industry in a post-brexit context 1
UK TMT Industry in a post-brexit context December, 2016 UK TMT Industry in a post-brexit context 1 2 willistowerswatson.com UK TMT industry snapshot 8.8bn investments from the EU into the UK R&D and innovation
More informationBulk Annuity Services. Working with Willis Towers Watson
Bulk Annuity Services Working Bulk with Annuity Willis Towers Services Watson Working with Willis Towers Watson It s a busy market and Willis Towers Watson has been at the forefront, driving innovation
More informationWorking late. Managing the wave of U.S. retirement. Results from the 2018 U.S. Longer Working Careers Research
Working late Managing the wave of U.S. retirement Results from the 2018 U.S. Longer Working Careers Research Older workers: an asset and an unknown Older workers can be some of employers most important
More informationEnvironmental Impairment Liability
Environmental Impairment Liability Overview We aim to provide a comprehensive range of policies covering environmental liability associated with contracting works, brownfield sites and industrial operations.
More informationInsurance-linked securities glossary
Insurance-linked securities glossary Insurance-linked securities (ILS) glossary We have compiled a comprehensive list of the most commonly used ILS terms. We hope this resource helps you navigate this
More informationWorst M&A performance for a decade is the bubble about to burst? M&A Quarterly Deal Performance Monitor: Q4 2017
Worst M&A performance for a decade is the bubble about to burst? M&A Quarterly Deal Performance Monitor: Q4 2017 Worst M&A performance for a decade is the bubble about to burst? Final quarter of 2017 records
More informationAllianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 1. Allianz Global Corporate & Specialty - Asia.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 1 Allianz Global Corporate & Specialty - Asia www.agcs.allianz.com Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 2 Content Allianz Global
More informationMind the gap: risk appetite revisited. Risk Series Paper 4
Mind the gap: risk appetite revisited Risk Series Paper 4 Mind the gap: risk appetite revisited Risk appetite frameworks that are linked to a firm s vision, strategy and operations provide a more solid
More informationAggressive Growth Balanced Moderate Cash
Super News Towers Watson Superannuation Fund Welcome to the May 2017 newsletter that keeps you up-to-date with the latest news about what s happening in super and your Fund. Changes to investments Over
More informationProfessional Indemnity Insurance for the Designing and Consulting Department of Contractors Proposal Form
Professional Indemnity Insurance for the Designing and Consulting Department of Contractors Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide
More informationGIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK
GIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK ABOUT ARTHUR J. GALLAGHER ARTHUR J. GALLAGHER IS THE BRAND NAME WE USE IN MANY OF OUR GLOBAL ACTIVITIES OUTSIDE THE US OPERATIONS OF
More informationFUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY
FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY Fund Protect Key Benefits Premium Market appraisal
More informationProfessional Indemnity Insurance for Surveyors (and related professions) Proposal Form
Professional Indemnity Insurance for Surveyors (and related professions) Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation
More informationThe need to look deeper on the gender gap
The need to look deeper on the gender gap The gender gap in retirement savings is not just about superannuation balances; a deeper analysis could help policymakers target those most in need, says Jackie
More informationProfessional Indemnity Insurance for Security Companies Proposal Form
Professional Indemnity Insurance for Security Companies Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation of the risk.
More informationDirectors and Officers Liability and Company Reimbursement Insurance Proposal Form
Directors and Officers Liability and Company Reimbursement Insurance Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation
More informationEnvironmental insurance
Environmental insurance 2 willistowerswatson.com Environmental insurance Environmental risk affects all industry sectors from the smallest business to the largest global organisation. With already existing
More informationINDEPENDENT SCHOOL INSURANCE SPECIALISTS
Education Practice INDEPENDENT SCHOOL INSURANCE SPECIALISTS EXPERIENCE COUNTS Marsh s education team has a long heritage of excellence in the provision of specialist insurance products and services for
More informationGLOBAL M&A INSURANCE INDEX 2017
GLOBAL M&A INSURANCE INDEX 2017 2 GLOBAL M&A INSURANCE INDEX 2017 KEY TRENDS IN M&A INSURANCE 16% $100m 60% Greater protection for clients: Average limit of insurance purchased increased by 16% for all
More informationEnvironmental Liability. Your Guide To Growing Your Business
Environmental Liability Your Guide To Growing Your Business 1 Contents Environmental Insurance and Your Clients 03 Provide the Right Cover 03 Sources of Pollution 04 Identify Your Clients Environmental
More informationLockton Financial Risks
Lockton Financial Risks A Division of Global Professional & Financial Risks Protecting your balance sheet About Lockton Lockton is the world s largest privately owned global insurance broker. Our focus
More informationWillis Towers Watson Reports Fourth Quarter and Full Year Results
IMPORTANT: Please see Section 9B of our Annual Report on Form 10-K, filed with the SEC on March 1, 2017, for certain updates to our results for the year ended December 31, 2016. Reports Fourth Quarter
More informationFinding value in private debt
Finding value in private debt Adoption of private debt is widespread, but we believe many are failing to exploit the full breadth of the asset class. 2 willistowerswatson.com From a brand new opportunity
More informationHolistic Equity Portfolio. FOMO (/ˈfəʊməʊ an exciting or interesting event may currently
Portfolio Matters Holistic Equity Portfolio FOMO (/ˈfəʊməʊ an exciting or interesting event may currently equity investor, should you be experiencing a sense of FOMO? What exactly could you be missing
More informationAdvanced analytics and the future: Insurers boldly explore new frontiers. 2017/2018 P&C Insurance Advanced Analytics Survey Results Summary (Canada)
Advanced analytics and the future: Insurers boldly explore new frontiers 2017/2018 P&C Insurance Advanced Analytics Survey Results Summary (Canada) Introduction: Insurers boldly explore new analytics frontiers
More informationShare prices of global acquirers continue to underperform World Index in the third quarter. M&A Quarterly Deal Performance Monitor: Q3 2017
Share prices of global acquirers continue to underperform World Index in the third quarter M&A Quarterly Deal Performance Monitor: Q3 2017 Share prices of global acquirers continue to underperform World
More informationProduct Liability. Insurance. Beyond every object, there s always a story. Because everything you have, has heart.
Product Liability Insurance Beyond every object, there s always a story. Because everything you have, has heart. www.ms-ins.co.th Contents 04 - What are the benefit of Product Liability Insurance? - Product
More informationProfessional Indemnity Insurance for Accountants Proposal Form
Professional Indemnity Insurance for Accountants Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation of the risk. Failure
More informationLeisure Trusts Specialist insurance and risk management
Leisure Trusts Specialist insurance and risk management A specialist approach Understanding your risks The range of sport and recreation facilities offered by Leisure Trusts whether they are single or
More informationAUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE
AUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE INTRODUCTION UK roads carry over 34.4 million vehicles of all types 1, supported by a network of manufacturing, sales, service, fleet, bodyshop, repair, testing
More informationTESTIMONIALS FROM PREVIOUS DELEGATES
TESTIMONIALS FROM PREVIOUS DELEGATES The training was very comprehensive and very well organised. Congratulations to all JLT people engaged in this training. Thank you for the excellent arrangements during
More informationProfessional Indemnity Division. An Introduction
01 Professional Indemnity Division An Introduction 02 Professional Indemnity Division The Howden way We believe in building relationships based on trust and respect. We work with businesses that take their
More informationBulk Annuity Services. Working with Willis Towers Watson
Bulk Annuity Services Working Managing with Willis Towers Longevity Watson Risk Working with Willis Towers Watson Managing longevity risk is becoming increasingly important and the market is evolving rapidly.
More informationLiability claims Customer proposition. standards
Liability claims Customer proposition standards Our proposition AXA Liability is a team of experienced confident people with a high degree of technical knowledge and expertise. Our team is undoubtedly
More informationWe ll navigate the tide while you focus on the horizon
ajg.com.au We ll navigate the tide while you focus on the horizon Unlocking opportunities for your business through an insurance and risk management solution that s tailored to your business. AJG1193 Connect
More informationINSURANCE: RISK TRANSFER SOLUTIONS IN THE INSOLVENCY SPACE
INSURANCE: RISK TRANSFER SOLUTIONS IN THE INSOLVENCY SPACE CONTENTS INTRODUCTION TO JLT KEY RISKS RISK TRANSFER SOLUTIONS: ASSET PROTECTION LIABILTY PROTECTION M&A 1 INTRODUCTION TO JLT JLT GROUP PROFILE
More informationNational Governing Bodies. Specialist sport insurance and risk management
National Governing Bodies Specialist sport insurance and risk management Understanding your risks Insuring the unexpected By its very nature, sport is unpredictable. Anything can happen - that s why we
More informationILS market interests converge to cultivate growth Global ILS Market Survey Report
ILS market interests converge to cultivate growth 2018 Global ILS Market Survey Report How do (re)insurers, fund managers and investors view the market and where do their interests converge? How will the
More informationFTSE 350 DC Pension Scheme Survey The journey so far and new directions of travel
FTSE 350 DC Pension Scheme Survey The journey so far and new directions of travel FTSE 350 DC Pension Scheme Survey The journey so far and new directions of travel Table of contents Foreword... 1 Executive
More informationThe secret to getting ahead is getting started. Mark Twain
Looking back, looking forward A UK perspective The secret to getting ahead is getting started Mark Twain Willis 1 Beauty in numbers 40 10% A turbine was installed offshore on average every 40 hours since
More information2018 Global Medical Trends Survey Report
2018 Global Medical Trends Survey Report Executive summary The cost of medical care continues to rise across the globe. Insurers responding to the 2018 Willis Towers Watson Global Medical Trends Pulse
More informationA growing interest in employee financial well-being in India
A growing interest in employee financial well-being in India Insights from the Global Benefits Attitudes Survey 2016 Indian employees satisfaction with their financial state today belies financial worries
More informationIndustryEdge for technology companies OUR KNOWLEDGE IS YOUR EDGE
IndustryEdge for technology companies OUR KNOWLEDGE IS YOUR EDGE OUR KNOWLEDGE IS YOUR EDGE IndustryEdge At Travelers, we recognise that no two industries are the same and that dealing with the complexities
More informationMSM IS AN ADVOCATE FOR PROJECT OWNERS AND FINANCIERS IN THE EVENT OF A CRISIS CAUSING DELAY AND INCREASED COSTS
AUSTRALIA AND ASIA PACIFIC S PREFERRED PROVIDER OF PRE LOSS, CLAIM PREPARATION AND LITIGATION AND DISPUTE SUPPORT SERVICES TO MAJOR PROJECTS AND THE CONSTRUCTION INDUSTRY MSM loss management MSM loss management
More informationCrisis Management Product profile and proposal form. Insurance cover for the food & beverage industry
Crisis Management Product profile and proposal form Insurance cover for the Liberty s Food & Beverage Insurance Policy is a recall cover specifically tailored for the food and beverage industry. Designed
More informationImproving your customer s experience through Streamlined Underwriting
Improving your customer s experience through Streamlined Underwriting An emerging idea for the Colombian market Marcela Abraham May 9, 2017 2017 Willis Towers Watson. All rights reserved. Agenda Introduction
More informationILS Market Update. Growth through innovation. July 2018
Growth through innovation July 2018 Q2 2018 market perspective: Diversification by risk and product With the 2017 losses slowly fading in the rearview mirror, the ILS market is roaring forward through
More informationLloyd s seminar Mumbai. Tuesday 7 February 2012
Lloyd s seminar Mumbai Tuesday 7 February 2012 The Lloyd s Offering to the Indian Insurance Market Jose Ribeiro, Director, International Markets - Lloyd s Explaining the Lloyd s Model Ed Pennock, Manager,
More informationYour Lloyd s of London specialist insurance broker.
Your Lloyd s of London specialist insurance broker. ABOUT INTREPID Intrepid Insurance Brokers Ltd. is an innovative specialist Insurance Broker located in the heart of the City of London. At Intrepid Insurance
More informationProduct liability and related coverage through insurance
Allianz Global Corporate & Specialty SE CLEPA Warranty Conference 2015 Product liability and related coverage through insurance Christof Bentele Chief Underwriting Office Corporate / Liability Brussels,
More informationThe Construction Consortium at Lloyd s
The Construction Consortium at Lloyd s The Construction Consortium at Lloyd s The Construction Consortium at Lloyd s continues to offer credible lead capacity for a wide range of construction risks where
More informationSTEADY. STRATEGIC. SMART.
INSPIRATIONS STEADY. STRATEGIC. SMART. Founded in 1998, AmTrust Financial Services was created to provide insurance products to small businesses. Through smart acquisitions, strategic investment and steady
More informationLloyd s Asia. Underwriting human progress
Lloyd s Asia Underwriting human progress What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise earned over centuries, Lloyd s is the foundation of the insurance
More informationAsia Pacific Environmental Sales Playbook
A broker guide to selling Environmental Insurance Asia Pacific Environmental Sales Playbook Start Environmental Insurance (formally known as Environmental Impairment Liability insurance) covers businesses
More informationMedia Protector for Publishers Proposal Form
Media Protector for Publishers Proposal Form Important Notice 1. This is a proposal for a contract of insurance, in which 'proposer' or 'you/your' means the individual, company, partnership, limited liability
More informationLloyd s Asia. Underwriting human progress. Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/ :51
Lloyd s Asia Underwriting human progress Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/2016 10:51 What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise
More informationNUI, Maynooth Voluntary Contribution Scheme. Investment Guide
NUI, Maynooth Voluntary Contribution Scheme Investment Guide Date: August 2017 Contents Introduction...2 Fund Choices...4 Lifestyle Investment Strategy option...7 Appendices...9 1 Introduction The purpose
More informationENVIRONMENTAL 360 THINKING. aspen-insurance.com
ENVIRONMENTAL 360 THINKING aspen-insurance.com ENVIRONMENTAL At Aspen, we are passionate about delivering innovative products and outstanding customer service to our broker partners and customers. Our
More informationRenaissanceRe. Casualty Treaty
Syndicate 1458 Casualty Treaty Syndicate 1458 Casualty Treaty operates at Lloyd s of London through Syndicate 1458, which was established in 2009. is a leading global provider of property catastrophe and
More informationThe Real Impacts of Product Recall Hort Connections 17 May 2015
The Real Impacts of Product Recall Hort Connections 17 May 2015 Victual Pty Ltd is a Corporate Authorised Representative (No. 453044) of Insurance Advisernet Australia Pty Ltd, AFSL 240549 Agenda Product
More informationNatural Resources. We can show you more.
Natural Resources We can show you more. CNA Hardy Natural Resources We partner with customers to help protect assets and operations in the best possible way; a partner with cross class expertise that understands
More informationALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS
ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ABOUT ALLIANZ MULTINATIONAL In a world where business and trade opportunities are constantly evolving,
More information2018 UK Pension Strategy Survey. What are organisations planning for their benefit strategy in 2019 and beyond?
2018 UK Pension Strategy Survey What are organisations planning for their benefit strategy in 2019 and beyond? 2018 UK Pension Strategy Survey What are organisations planning for their benefit strategy
More informationLIABILITY PLUS. Policy Summary
Policy Summary LIABILITY PLUS This is a summary of the cover provided by the policy and does not contain full details of the limits, terms, exclusions and conditions. These can be found in the policy document,
More informationInsights. Turkish Insurance Bulletin
Insights May 217 Turkish Insurance Bulletin Our Turkish Insurance Bulletin keeps senior executives around the world up-to-date with the developments in the Turkish insurance market a market that remains
More informationInternational Pension Plan Survey
International Pension Plan Survey Report 2018 International Pension Plan Survey Report 2018 Table of contents Executive summary...2 Survey background...2 Overall results...2 Survey participants...4 Industry
More informationFOOD AND DRINK SAFETY AND PROTECTION FOR THE FOOD AND DRINK INDUSTRY GLOBAL SPECIALTY LINES
FOOD AND DRINK SAFETY AND PROTECTION FOR THE FOOD AND DRINK INDUSTRY GLOBAL SPECIALTY LINES WHAT WE OFFER Our Food and Drink team brings our vast knowledge and experience together in one place. As experts
More informationYour Partner in Financial Lines
Allianz Global Corporate & Specialty Your Partner in Financial Lines 3 rd Allianz Financial Lines Conference in Russia Professional Indemnity Insurance Karolina Vogelpohl Regional Manager Financial Lines
More informationYour defence toolkit. How to combat the cyber threat
Your defence toolkit How to combat the cyber threat Contents The threat of cyber crime 4 How UK businesses are targeted 6 Case studies 8 Why cyber security is so important to manufacturers now 10 The
More informationRenaissanceRe. Casualty Insurance
Syndicate 1458 Casualty Insurance Syndicate 1458 Casualty Insurance is a leading global provider of property catastrophe and specialty reinsurance, as well as other insurance coverages. Founded in Bermuda
More informationWhy you need Essential Business Legal Solutions
Why you need Essential Business Legal Solutions Whatever the economic climate it s always a challenge running a business, from keeping up with the latest employment and Health & Safety legislation, to
More informationProduct Recall. November 2017
Product Recall November 2017 Product Recall I ll be back! 1 Overview Learning Objectives Recall Trends Coverage Overview Recall in Action 2 Recall Trends 10 Years on! We re back! What s changed? 3 Recall
More informationMore Than Just Claims
More Than Just Claims a pro-active, Third Party Claims Administrator (TPA) Auto Liability General Liability Products Liability Property Liability Loss Control Services Workers Compensation Reinsurance
More informationCOMPREHENSIVE GENERAL LIABILITY INSURANCE
PROPOSAL FORM COMPREHENSIVE GENERAL LIABILITY INSURANCE Important tice 1. Statement pursuant to Section 25(5) of the Insurance Act (Cap 142) or any amendments thereof; you are to disclose in the application,
More informationDRILLING WELL SIDETRACK INSURANCE
DRILLING WELL SIDETRACK INSURANCE DRILLING WELL SIDETRACK INSURANCE Covers A serious kick, a fishing operation for failed drillstring or a mechanical sidetrack suffered during the drilling of a well Can
More informationWHOLESALE RISK INSIGHT FOCUSSING ON RISK ISSUES IN WHOLESALE, WAREHOUSING AND DISTRIBUTION. WHOLESALE Risk Insight
WHOLESALE RISK INSIGHT FOCUSSING ON RISK ISSUES IN WHOLESALE, WAREHOUSING AND DISTRIBUTION WHOLESALE Risk Insight RISK MANAGEMENT IS MORE CRITICAL THAN EVER THAT S WHY WE RE LOOKING SO CLOSELY AT IT The
More informationEmployment Practices Liability Insurance Proposal Form
Employment Practices Liability Insurance Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation of the risk. Failure to do
More information