Global Insurance: An Overview of Multinational Admitted Insurance Programs

 
Tuesday 23 January 2018, 02:00pm - 03:30pm
     

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This new blended-learning format consists of three individual parts:
Part 1 - What creates the need for a Multinational Admitted Insurance Program? (pre-recorded webinar - 52 min)
Part 2 - Structures & Implementation Considerations of the Multinational Admitted Insurance Program (pre-recorded webinar - 1h 18 min)  
Part 3 - Case Study, Live Session (90 minutes) on January 23, 2018


Overview:

  • Understand a goal of the Multinational Admitted Insurance Program, its key elements, complexity of compliance with local laws internationally and program benefits/costs
  • Understand differences in basis of coverage options
  • Learn tools aiding in developing and administering a Multinational Admitted Insurance Program, premium allocation
  • Acquire knowledge about program implementation structure

REMOTE OPTION IS AVAILABLE
When you register for this live session, you will receive an automated email with an access to two pre-recorded webinars defined below. Please view them on your own prior to January 23, 2018 to participate in case study session. Login instructions will be sent to you three days before live session.


To earn the AIMU Global Admitted Policies Certificate:

1. Register and attend the live Case Studies session on January 23, 2018  (2:00 – 3:30 PM ET) (This class can be attended in person at 14 Wall Street in New York City or as a remote attendee.)   
2. Complete Parts 1 & 2 prior to the Case Studies session.
3. Electronic test link will be emailed to you later on. This additional learning resource allows you to self-test up to 5 times until you receive a passing grade of 75%

Presenter: Andrew D'Alessio, VP, National Ocean Cargo Practice Leader Marine, North America Insurance XL Catlin

WHO SHOULD ATTEND: This education is directed toward mid and senior level insurance professionals interested in learning about admitted insurance programs, structures, and implementation considerations to meet the compliance needs that exist in today’s globalized economy.

Continuing Education Credits: 
NAMS - 4 credits;  SAMS - 4 credits

State Insurance Departments:  
4 credits in NY

This program consists of 3 parts.

Part 1 - What creates the need for a Multinational Admitted Insurance Program? (52 min)

  1. Global Programs - Context
  2. Benefits & Cost
  3. Emerging Trends
  4. Complexities
  5. Multinational Concepts and Insurance Programs Solutions
  6. Business Case
  7. Insurance Solutions for Multinational Companies
  8. Legal Compliance – examples
  9. Consequences of Non-compliance
  10. What to Consider When Insuring International Risks
  11. Tax Compliance – Marine Cargo Taxes

Part 2 - Structures& Implementation Considerations of the Multinational Admitted Insurance Program (1h 18 min)

  1. Structure and Implementation Considerations
  2. What is a Global Program?
  3. Basic of Cover Options
  4. Key Elements of a Global Program
  5. Goal of a Global Program
  6. Global Program Compliance
  7. Differences Between the Basis of Coverage Options
  8. Design of a Global Program
  9. Example of a Global Program
  10. Freedom of Services (FOS) Policy Compliance for Exposure in Europe
  11. Global Program Design Tools
  12. Basic Principles of an International Program
  13. Key Regulatory Compliance & Program Structuring Information
  14. Implementation of a Global Program
  15. Overview of Underwriting Process
  16. Structuring Global Programs
  17. Premium Allocation
  18. Policy Issuance Fees
  19. Taxes
  20. Master Policy Wording
  21. Local Policy Reference Wording
  22. Complex Global Programs & Captives
  23. Possible Structures of Global Programs – Quota Share
  24. Possible Structures of Global Programs –Excess of Loss

Part 3 - Case Study – Live Session (90 minutes)


The case study will draw on information covered in Parts 1 and 2 and apply it to a real business case including taking in premium for the (fictional company) Zimmer; identifying the marine cargo exposures throughout the world; determining what basis of coverage options they will need in the countries in where they conduct business; analyzing the necessity of the global insurance policies in some of those jurisdictions, also the title and risk of law; reviewing premium allocation and applying taxes, and finally forming the complete global program process.

Special Assistance: In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John Miklus at (212) 233-0550

Refunds/Cancellations/Substitutions: Refund requests will be honored if received in writing by 15 days prior to scheduled start date. All refunds will be subject to a processing fee of $25. Cancellations received after the refund deadline, No shows are subject to the full registration fees. Substitutions may be made by notifying the conference registrar in writing or in person at the on-site registration desk.

Program Features: Continental Breakfast Lunch Handouts & Lecture Notes Continuing Education Credits

Location 14 Wall Street, Suite 820 - 8th floor
Contact Elvira Rodin at 212-233-0550 or erodin@aimu.org
For Additional Program Information Contact Us At: Phone: (212) 233-0550 / Fax (212) 227-5102 Email: Eileen Monreale emonreale@aimu.org / Web: www.aimu.org

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