International Insurance
Despite the current economic environment, a number of European and foreign markets offer strong opportunities for Irish businesses with many Irish companies exploring the possibilities of international expansion.
Companies expanding internationally need to look into all aspects of business development and the possible issues associated with entering new markets. Often foreign markets represent specific risks with niche or complex exposures which can be extremely difficult to address. Purchasing insurance in foreign insurance markets can be notoriously difficult when having to overcome issues such as:
- Language understanding and interpretation
- Differences in Law and Legal structure
- Cultural differences and cross cultural communication
Many of these difficulties can be overcome by arranging foreign insurance in the international insurance or UK Insurance markets where submission and negotiation can be undertaken in English with policies produced in English with worldwide jurisdiction and interpretation conditions to ensure clear policy interpretation and understanding.
Robertson Low have unique access to the UK insurance and international insurance markets through their commonly owned Lloyd's brokerage and currently represent many clients with foreign interests, placing insurance programmes into either the UK insurance or international insurance markets for businesses with the following requirements:
- Owner Controlled Insurance Programmes for complex property development projects
- Property Insurance
- Liability Insurance
- Directors & Officers Liability
- Professional Indemnity
The other advantage in placing foreign insurance into the international insurance or UK insurance markets rather than the foreign domestic markets is claims management. The international insurance markets have an extensive network of worldwide representatives and consultants which can be fully utilised in the event of a claim and managed by Robertson Low from Ireland.
Robertson Low are therefore your ideal insurance partner and advisor in support of your international expansion.
