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 Virtual Session (90 minutes) 

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

Important Details 
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 the class to participate in case study session. 

To earn the AIMU Global Admitted Policies Certificate:
1. Register and attend the virtual Case Studies session.    
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  Head of Ocean Cargo, Americas, AXA XL

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

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