IGP’s Global Underwriting is a coordinated program designed for multinational corporations with a significant global presence, a high degree of control over their participating subsidiaries, and the ambition to achieve the most competitive pricing conditions for their local employee benefits plans.
This approach is based on the following key principles:
- Competitive, prospectively-rated underwriting terms at inception in each country and by each line of risk;
- Extended rate stabilization periods, wherever legally allowed and in accordance with local market practices;
- Comprehensive reporting on local contract performance by country and line of risk
The Global Underwriting solution is underpinned by IGP’s technical governance and reinsurance structure to ensure sustainability of pricing terms, and it is suitable for global programs in excess of USD 5m in annualized premium.