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Welcome to our Monthly Newsletter – August 2008
An Established and Successful Force in International Insurance Worldwide Risk Solutions is a U.K. based commercial organisation which has the sole objective of facilitating global business strategies and business development in the international insurance industry. For more information about us, please go to www.worldwiderisksolutions.com. Since Our Last Newsletter In the middle of July, the dialogue between the European Commission and interested parties on the potential removal of the insurance industry’s block exemption from certain E.U. competition rules came to an end. There has been speculation that if the suggested removal of the block exemption becomes reality, there will be serious disruption in certain markets: competition will in fact become stifled and pooling arrangements created to serve clients effectively and efficiently may be forced to disband. The Commission is unlikely to support the continuation of the exemption just because it makes life easier for the insurance market (which it does) but will base its decision on consumer interests: what is best for the insureds. The insurance industry prides itself as being innovative and able to face up to challenges. Let’s hope that those people who have talked to the Commission have stated clearly how they see the industry progressing, with E.U. help, to serve clients better with new products, user friendly systems and procedures and access to capacity and expertise all at a fair price. We continue our SPOTLIGHT series to help you understand the way different markets around the world operate so that those of you who do business there can feel more “at home abroad.” Different does not need to mean difficult but knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. This helps avoid misunderstandings and unfulfilled expectations. We have received very positive feedback on articles such as Reputation Risk, Guernsey, Cambodia and more; if you would like copies, please let us know. If you would like to discuss your international strategies with us, please contact us. Dominican Republic The Dominican Republic is a nation located in the Caribbean island of Hispaniola. Part of the Greater Antilles archipelago, Hispaniola lies to the west of Puerto Rico and east of Cuba and Jamaica. Its western third is the nation of Haiti, making Hispaniola one of two Caribbean islands which are occupied by two countries, Saint Martin being the other. The Dominican Republic is the site of the first permanent European settlement in the Americas, its capital Santo Domingo, was also the first colonial capital in the Americas. It is the site of the first cathedral, university, European-built road, European-built fortress, and more. For most of its independent history, the nation experienced political turmoil and unrest, suffering through many non-representative and tyrannical governments. Since the death of military dictator Rafael Leonidas Trujillo Molina in 1961, the Dominican Republic has moved towards a liberal economic model, which has made it the largest economy in the region and a representative democracy. To read the complete report on the Dominican Republic, please click here.
In preparing this Spotlight article we have received invaluable assistance from Franco Fernandez & Asociados SA, Santo Domingo (www.francofernandez.com) for which we are grateful. If you would like Worldwide Risk Solutions to conduct an economic, business and insurance survey of any international markets please contact us – Details below. Worldwide Risk Solutions has access to a wide client base of internationally oriented organisations. Why not utilise this knowledge and experience? We can conduct a swift appraisal of your global activities or answer any questions you may have about international developments. Call +44 (0)1444 450 919 or send us an e-mail and we will respond immediately. And should you be passing through London, please let us know. In our next e-newsletter we will feature a Spotlight article on Israel. Always in the news, this country has been developing a healthy insurance market. What has happened there will make interesting reading. In our next edition of WoRdS we will look at a bit of the history and what is going on there today. For more information about any of the items discussed in the current or previous issues of WoRdS, please see our Contact Details George Worsley, Director |
Talk Around the Bazaar * * * * * * * * * * We are currently discussing projects in the following markets and are regularly being asked to attend the annual conferences and meetings of the major networks: * * * * * * * * * * We continue to work with a growing number of networks to improve and expand their international capabilities. If you have not already spoken to us about expanding your international markets, now might be the right time for us to conduct a feasibility study. For more information, please see the contact details below. What Clients Say “Their knowledge of foreign markets and the main players there has been very helpful to us” “Worldwide Risk Solutions opens doors for our company”
* * * * * * * * * * Worldwide Risk Solutions has access to a wide client base of internationally oriented organisations. Why not utilise this knowledge and experience? We can conduct a swift appraisal of your global activities or answer any questions you may have about international developments. Call +44 (0)1444 450 919 or send us an e-mail and we will respond immediately. And should you be passing through London, please let us know. CONTACT US BY POST BY TELEPHONE BY E-MAIL BY SKYPE Disclaimer |
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