International Risk Management: For reference to this section, see glossary.
(Y)es or (N)o
1. I do business outside the United States or it?s territories. International Risk Management
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International Risk Management
What is it?
It is a decision making process for minimizing the adverse effects of accidental loss. The risk is controlled through the assumption of risk, avoiding risk, or contractual transfer of risk.
Risk is managed by a coordinated international property and casualty insurance program underwritten and controlled from the United States. This program combines admitted and non-admitted insurance underwritten by the same insurer.
The objectives of such a program seek to contain costs, secure broad coverage, and benefit from coordinated services.
There are advantages and disadvantages to all programs-the best start is to discuss the operations and risks with our qualified specialists to ascertain the most efficient program available.