International insurance programmes are implemented to comply with local laws and market practices. Expert knowledge is required for the development of such schemes to ensure tailormade insurance coverage. At GrECo, we believe the design of any international insurance programme is highly dependent on the individual characteristics and structure of the respective group of companies, and that is why we endeavour to get to know you, understand your business, and unearth your needs.
The global expansion of a company offers many opportunities, but also involves several risks. With the entry and growth into new markets, new challenges arise including those in risk and insurance management. Whether it be taking into account the local legal situation – for example, compulsory insurance, taxes, or licensing obligations – or considering language barriers, or special compliance requirements GrECo works with partners across the globe to answer your specific needs and to keep you abreast of changing regulatory framework conditions in individual countries.
We know that expanding your business globally comes with various challenges and uncertainties. That is why we don’t just offer you an insurance programme but commit to providing you with ongoing expert advice based on our extensive experience in risk and insurance management across different countries and regions. Our risk advisory services are guaranteed to help you to continually adapt to and succeed in any market.
There are many opportunities to manage global insurance needs, including integrated or coordinated insurance programmes, to name just two. However, one-size-fits-all programmes are outdated.
Based on an in-depth risk evaluation, we design individual and negotiate centrally customised coverage (structure, limits, perils insured, deductibles etc.) and cost control measures. Optimised premium levels, as well as global loss adjusting procedures, contribute to a cost-efficient purchase of insurance as well as properly protecting the balance sheet of your parent company.
All of our solutions will be carefully assessed by our team of experts with significant experience in developing international client services. With GrECo you can count on a service which is uniquely tailored to your company and international presence.
Our firm belief is that the best practice in international client servicing is characterised by meeting the interests of the parent company as well as those of the subsidiaries.
At GrECo, we prioritize establishing clear global insurance guidelines and reporting standards to ensure transparency and quality control for group management. This process includes integrating local insurance coverage into our global reporting, providing a comprehensive view of your operations. Our commitment to international client service extends beyond offering global insurance solutions; it’s about adding value to your company and subsidiaries. By working closely with you to set up consistent insurance guidelines, we guarantee full transparency and safeguard quality control, ensuring that our services create value for your entire organization.
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Natalia Morris
Group Head of International
T +61 44 777 9001