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Welcome to our Monthly Newsletter – October 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? Comment of the Month – With the end of the northern hemisphere summer, school holidays, annual vacations and so on, it is now time to settle down to work at the conferences and seminars which herald the beginning of the networking season. Some have already been and gone and others have yet to commence and there is always a discussion about whether such events are worth attending. Those who want to squeeze a penny out of every minute of the day will always ask what is the real value of these gatherings. Don’t send them if that is their mindset! The value of these conferences lies in the sharing of ideas, evaluation of experience and expertise, discussion of market trends and what influences them, talking to friends and competitors in a non-threatening atmosphere, and finding out how best to respond to dynamic market and shape your own future. That delivers more figures in front of the decimal point than after it. And if the surroundings, lunches, etc, are plush – so what? Fewer insurance people fly first class than in many other professions. Talks around the Bazaar - What is going on out there? Who has bought whom? What is that new piece of legislation in Indo-China? We keep you abreast of these developments with our comments and hyperlinks. Spotlight - In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.” This month the Spotlight article looks at Russia. Of all of the old Eastern Bloc countries Russia seems to show less integration with the western countries than what the other countries have achieved. Why is Russia different? Size, a very wide range of natural resources, complexity of the economy, a political system very slow to change, a deeper entrenched wariness of the western world, and other reasons. Most people who think of insurance in Russia think of one word: Ingosstrakh – for many years the driving force behind the invisible economy. In September they held a seminar in London to answer some of the questions on why is Russia different and to show what is happening there, what are the trends and to offer an inside view of the overall market. Ingosstrakh has very kindly allowed us to reproduce the information presented during the seminar and we would like to thank them for this opportunity. For more information on the company, please see their website, http://www.ingos.ru/en or for further detail on the presentation, please e-mail Mr Sergey Churilov at sergey.churilov@ingos.ru Spotlight – Insurance in Russia To download the PowerPoint presentation, Please Click Here. 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 article/20090903/NEWS/909039985 where Business Insurance set out the news succinctly /news.aspx?nid=1696&cid=1 which also includes a link to the proposed legislation /Scor-NYSE-SCO-1040632.html where the only question not answered is when, in the Autumn, will they meet? news.aspx?nid=1696&cid=1 corporate/anziif-in-saudi-arabian-education-initiative * * * * * * * * * * 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 has the building blocks we need” “At a time when we needed a quick introduction to a key person, they made the call straight away and we got moving” * * * * * * * * * * CONTACT US BY POST BY TELEPHONE BY E-MAIL BY SKYPE Disclaimer |
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