| Telephone +44 (0)1444 450 919 |
| Welcome to our Monthly Newsletter – May 2007 |
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A New Force in International Insurance Worldwide Risk Solutions is a U.K. based commercial organisation facilitating global business strategies and business development in the international insurance industry. For more information about us, please go to www.worldwiderisksolutions.com. Amongst our clients are some of the world’s largest networks and independent brokers in four continents. |
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network needs around the globe There is a difference between what a member needs from its network and what the network itself needs from its members. As we have stated in previous Newsletters, a successful network provides value to its members but what does a network need in order to be able to do that? Basically there are two main conditions which must be complied with: Setting the Stage These are facets of a network which need to be in place before a network can perform. Elements include but are no means limited to: Action and Keeping Momentum A network needs active involvement and commitment on an on-going basis and this includes: In addition to these criteria, one needs to take a pragmatic approach to implementation. How do you bring it all together? There is a fine balance in getting it right and even if you think you have it right, it can be very subjective and it really depends upon what the majority of the members want. In the course of the past year Worldwide Risk Solutions has had the opportunity to discuss these matters with quite a few networks: in some there are members who only want incoming referrals and sit back and wait for them. In one or two networks, there a members who handle as much as possible on a non-admitted basis, leaving the network member to handle “the dregs” of an account. We have been involved in surveys where it is clear that members want to increase their knowledge about other members’ markets but need encouragement to say something about their own. Further groups want brainstorming sessions from dawn to dusk and there are those who are looking for little more than a game of golf, a good dinner and the chance to see their friends again. Well, as the diplomat might say, they are all right and in 1984-speak, some are more right than others. In our experience, most networks believe they have a good chance to be successful if they have: What makes international business interesting? Besides our continuing reviews of international collaboration and co-operation, we will be bringing readers an insight into different markets around the world. These Spotlight articles will be pulled together with the welcome help of some of most successful networking brokers in their region/country and we will discuss international developments and some of the effects they have on the global markets. Worldwide Risk Solutions has a wide client base of internationally oriented organisations. Utilising the knowledge and experience gained over many years, we can put this capability at your disposal. If you would like us to conduct a swift appraisal of your global activities or if you have questions about international developments, just give us a call +44 (0)1444 450 919 or send us an e-mail and we will be happy to look at some of these questions and to start providing answers.
In our next e-newsletter we will look at Spotlight: Brazil, a country which is on the verge of some exciting developments. The monopoly of the IRB is finally coming to an end and we shall discuss what could be happening next. See our Contact Details George Worsley, Director |
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| © Worldwide Risk Solutions LLP 2007 | ||
