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Welcome to our Monthly Newsletter – July 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? The relative calm we talked about last month continues and what we are actually seeing is that some of the largest insurance corporations hit by the downturn in the global economy are recovering from shell shock and taking steps to sort themselves out. Refining international strategies, management changes, stricter underwriting controls have sharpened carrier focus on the bottom line and there have not been too many stories of clients jumping ship. There is still an acquisition, a market entry, a new joint venture, somewhere in the insurance world. We keep you abreast of these developments through our Talks Around the Bazaar. Brokers and other service providers still have sufficient markets at their disposal for them to get the right product to their client. In the Spotlight article below we take a look at a small market in a very pleasant part of the world. Being situated at the historical and traditional crossroads of important shipping lanes connecting Europe with South America and the Far East, the Netherlands Antilles, and notably Curaçao, have always been very active in commercial trade of all kinds. The Spotlight series helps you understand how different aspects of the insurance industry 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 continue to receive very positive feedback on the articles we publish and if you would like copies, please let us know. If you would like to discuss your international strategies with us, please contact us. Details are below. Spotlight – THE ANTILLES Once the centre of the Caribbean slave trade, the island of Curaçao (the largest island of the Netherlands Antilles) was hard hit by the abolition of slavery in 1863. Its prosperity (and that of neighbouring Aruba) was restored in the early 20th century with the construction of oil refineries to service the newly discovered Venezuelan oil fields. The island of Saint Martin is shared with France; its southern portion is named Sint Maarten and is part of the Netherlands Antilles; its northern portion is called Saint-Martin and is part of Guadeloupe (France). To read the complete report, Please Click Here.
In introducing this SPOTLIGHT article, we are grateful to Ennia N.V. in Curaçao (www.ennia.com and to INI, the International Network of Insurance (www.ininetwork.com). 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. 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 “Worldwide Risk Solutions knows who to talk to” “They went the extra mile to get the information we needed” * * * * * * * * * * CONTACT US BY POST BY TELEPHONE BY E-MAIL BY SKYPE Disclaimer |
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