This session will look specifically at Asian risks and the need for global insurance programmes. It will look at how such programmes are best structured and what can be included and how. Should a global programme focus on core property, business interruption, and liability lines, or include risks such as cyber, employee benefits and trade credit.

• Why create a global programme – why not leave it up to local operations to organise locally? What are the core benefits?
• What kind of company is a global programme designed for – multinationals only? What are the costs involved? How does fronting work and when is this needed or not needed?
• How should a global programme with Asian risks be structured? What lines to include and which to leave out?
• Is there adequate capacity in the region to cover the major lines or do you still need to use London or other international centres?
• Could you and should you include Australian risks or Chinese risks in the programme or do these need to be dealt with separately?
• Crucial areas for a successful global programme include premium allocation and the setting of retention levels. What needs to be considered when allocating premium? How much flexibility is there? What tax and regulatory requirements are there? It is vital to avoid conflict with local operations and this requires dialogue and clear communication of benefits.