INI International
Network of Insurance
INI BULLETIN
Issue 3 / 2018
The Global Network
INI - The Movie

 
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Success Story - Basler Versicherungen & Weleda

In 2016, Basler Versicherungen along with another leading Swiss insurer won the tender for Weleda's international property insurance programme. Weleda was founded in 1921 by Dr. Rudolf Steiner as a pharmaceutical laboratory, with its own plant garden. Today, Weleda is a world-leading manufacturer of certified natural by NATRUE personal care.  Read more...

ERGO is the leading transport insurer of Volkswagen AG

Since 1st January 2017, ERGO Versicherung AG and its subsidiary Köln Assekuranz (KA) are leading insurers of the global marine insurance programme of Volkswagen (VW). Thus, all transports of the VW group and numerous warehouses worldwide are insured by ERGO/KA.  Read more...

Fennia, Finland - The next steps of the new risk survey approach  

At Fennia, a new risk survey approach was developed to include the entire sales network and brokers in conducting risk surveys. The number of risk surveys conducted has been multiplied tenfold with increased quality and accuracy. Automating routines in both new sales and account management has enabled more time for customers and sales meetings. Customer feedback has been excellent, which has translated into undeniable, measurable results. Read more...

EU countries to declare cyberattacks as act of war: report

European Union (EU) countries are just weeks away from invoking an agreement to declare cyberattacks from other nations as an act of war, according to a report from UK newspaper the Daily Telegraph.
It has seen a draft document that warns countries including North Korea and Russia against using cyber espionage and hackers on EU member states. Read more...

Ten ways to sell the global programme to subsidiaries

One of the hardest jobs for a risk or insurance manager when it comes to a global insurance programme is selling the concept to subsidiaries and operating units. The news of a centralised, unified insurance programme may be music to the ears of a group finance director, and indeed group risk manager, but may not be universally welcomed, especially by some local operations that may have been used to dealing with their own insurances for a very long time. Read more...

Protectionism creates dangerous concentrations of risk, warns Insurance Europe

Insurance Europe has warned that protectionism can create dangerous concentrations of risk, and says that open (re)insurance markets are the only way to remove the danger. In a new insight briefing on protectionism, Insurance Europe sets out examples of current protectionist measures and the problems they create for the very economies they seek to protect. Read more...

United States - Property rate increases expected

The U.S. market continues to recover and account for losses as a result of the significant catastrophe events that took place in the third quarter of 2017.  Read more...

China Market Report: opportunities but challenges too

Economic growth may be slowing in China, but the outlook for the insurance sector remains excellent. That’s the view of Munich Re in a recent report, and it is not alone. There is still a good deal of optimism surrounding the Chinese insurance market, and foreign insurers are as keen as ever to get some sort of foothold on the country, despite the barriers. Read more...

Bank of England wants Brexit solution for cross-border insurance

The Bank of England (BoE) has warned that a political solution is needed to address continuity of cover for millions of policyholders on either side of the Channel, when the UK leaves the European Union. Read more...

The information provided in this document is intended for use as a guideline and is not intended as, nor does it constitute, legal or professional advice. INI asbl makes no warranties, expressed or implied, regarding errors or omissions and assumes no legal liability or responsibility for loss or damage resulting from the use of information contained within.

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