“In the not-too-distant past, purchasing insurance was inherently a domestic endeavor,” writes Joanna M. Roberto, a partner in Goldberg Segalla’s Global Insurance Services Practice Group.

“However, as the world increasingly becomes globalized, the challenges faced by insurers and their insureds are substantial and wrought with multiple levels of analysis. Things that were previously routine (or at least easily understood), including premium payments, claims handling, and regulatory oversight, are now highly varied and complex when exposures are spread globally.”

In this article, Joanna explains why organized international insurance programs are an essential part of doing business in this globalized age. She also explores the various different insurance schemes as well as the unique challenges faced by insurers when claims arise.

Read the article here:

• “What You Need to Know: The Rise of Global Insurance Policies,” DRI For the Defense, May 2016