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Welcome to our Monthly Newsletter – February 2009 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. What Is Going On Out There? There have not been too many real surprises this month as the financial crisis still threatens some of the world’s largest corporations. In some countries, like Japan, this has led to the possibility of alliances between previously avowed competitors. Elsewhere, like in Belgium and the Netherlands, governments struggle to manage the left-overs of fallen giants. In the United States, net premiums booked in 2007 fell for the first time since 1943 and it is anticipated that 2008 will follow suit. In the meantime, those with capital earmarked for expansion are opening up for business at Lloyd’s. Every month there is an acquisition, a market entry, a new joint venture, an adjustment to the alliance between the provisions of the state for social security and healthcare and products developed by the insurance industry. We keep you aware of these through our Talks Around the Bazaar. Additionally we have for our readers the SPOTLIGHT series, helping you to 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 a vital advantage to those who are active in the global economy. This helps avoid misunderstandings and unfulfilled expectations. These articles are in a PDF format to enable you either to download them to print off or to save them and read them later. We have received very positive feedback on these articles and if you have any comments or questions, please let us know. Also, if you would like to discuss your international strategies with us, please contact us. Details are below. In a change to our plans for the February issue, we are very pleased to be able to publish an article on Iraq. With all the news about Iraq and neighbouring countries focussing on military and political activities, it is refreshing to see that other aspects of life still continue – albeit with a difference. There are a lot of very brave people in this country who are gradually getting the chance to bring normality back into their daily lives. In addition to the article below, readers may wish to look up more about the country at http://en.wikipedia.org/wiki/Iraq and further a selection of articles at www.iraqdaily.com gives a wide range to review.Spotlight – IRAQ The travails of Iraq as a country have been well documented in the world’s media over the last five years. Have you noticed how Iraq has not been in the news as much recently? The simple reason, and please whisper it, things are improving significantly there. The caveat of course is that the country is now almost completely divided along religious, regional and tribal fault lines. Many of the professional middle classes now reside in Jordan, Syria or the West and with the dramatic fall in the price of oil there are still many difficult times ahead. A forthcoming year of political uncertainty prior to autumnal elections, strong Iranian influence across the country and virtually no headway made on the vitally important Kirkuk question, means that things are far from rosy in the home of the Garden of Eden. To read the complete report on Iraq, Please Click Here (PDF Report).
In preparing this Spotlight article we have received invaluable assistance from the leading broker, AAI Insurance Brokers (www.aai-insurance.net), e-mail william.wakeham@aai-insurance.net for which we 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 Spotlight article we will be looking at the world of estimating, analysing, planning and preparing for the unexpected. There are experts whose niche is to help underwriters manage the future and we shall show you some of the ways they do it. 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 commerce/econ4.asp?cat=comm&subcat=comm1 articles/09/01/03/10271998.html InfoModule_5501/85617.htm 2009-01/22/content_7418859.htm bizchina/2009-01/26/content_7429319.htm countryinfo/czech-republic.aspx and Lloyd’s has an application for a licence pending. Can we soon expect the appointment of a Country Representative like in Poland where good work is being done in the second largest CEE market as planned last year in this Lloyd’s interview? www.lloyds.com/News_Centre/ Features_from_Lloyds/ Polish_potential_becomes_reality120608.htm ResearchReports/Key%20facts%202008.pdf AnnualMeeting2009/index.htm * * * * * * * * * * 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 “We are pleased with the depth of knowledge on international insurance displayed by Worldwide Risk Solutions” “They have an excellent network of good contacts”* * * * * * * * * * CONTACT US BY POST BY TELEPHONE BY E-MAIL BY SKYPE Disclaimer |
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