Airmic 2013: AIG launches interactive tools to help build multinational programmes

AIG Europe yesterday announced it is launching a suite of interactive, web-based tools to enable risk managers and brokers to understand their multinational requirements and assess the need for a locally issued insurance policy in different countries around the world.

AIG showcased two market-changing resources at the Airmic conference. These include:

• The multinational programme design tool; and
• A multinational insurance fundamentals course – a free, 1.5 hour, online training course for risk managers and brokers who are new to the multinational space.

AIG multinational centre of excellence in the UK vice president Stephen Morton said: “AIG is making available a suite of resources in order to put the right tools into the hands of our clients so that they feel fully informed around an increasingly complex subject. We want each client to have access to the right information, and then be able to decide what works best for them – insuring locally or globally – everywhere they operate.

“The multinational programme design tool offers a step-by-step evaluation that walks the user though the numerous considerations which make up the design of a multinational programme – from their individual risk tolerance to local regulations and tax exposures. The tool then generates a report suggesting whether or not the user should consider a local policy, and the reasons why. This puts in place the foundations for an effective consultation with their broker and underwriter about the optimal design of a multinational programme. 

“The training course is designed to for those less familiar with the construction of multinational programmes to help them to understand the typical multinational risks, what is important in policy design options and what makes a controlled master program successful.

“There is no ‘one size fits all’ solution so we want to help guide client and brokers through risks and environments that are unfamiliar to them.”