How Retailers and Wholesalers Can Manage the Risks Associated With Going Global
Retailers and wholesalers are increasingly going global, setting their sights on growth opportunities outside of their home countries, including in emerging markets. But global expansion can be riddled with complications, including several factors that can make managing global insurance programs a challenge.
To better manage global insurance programs, many multinational retailers and wholesalers are turning to controlled master programs (CMPs). Combining the advantages of a single global insurance policy and individual policies for specific countries of operation, CMPs can help multinational organizations achieve better control over their portfolios of insurance policies while maintaining consistent coverage.
In the latest issue of Taking Stock, our quarterly newsletter for the retail/wholesale industry, we discuss CMPs, including their benefits and drawbacks, factors for determining whether one is right for you, and we provide tips on getting started with a CMP.
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