Workshop

In our discussion, we will analyze the emerging and unique risks confronting European firms in the U.S. and propose customized strategies aimed at mitigating these risks and enhancing the performance of both the U.S. and European insurance programs. Given the increasing expansion and investment of European firms in the U.S., it is essential that today’s global risk management professionals proactively address the growing exposure to unique risks to optimize margins in U.S. investments, bring control to the U.S. insurance budget, and protect the corporate parent’s risk and insurance profile. European companies operating in North America are faced with a variety of emerging risks and an insurance landscape that is notably different from Europe. European risk managers responsible for global operations that include the United States are challenged to address evolving U.S. risks such as nuclear verdicts, inflationary medical costs, catastrophic risk, and compliance with federal and statutory regulations. We will share strategies about how to insulate global programs from these high frequency and high severity risks that are rapidly growing and impacting unprepared companies. Additionally, we will share strategies that manage compulsory U.S. insurance such as Worker’s Compensation and Motor Fleet programs in the U.S. using proven approaches that combine data analytics, proficient claim management, claim payer selection, and negotiation of collateral. Effectively managing these compulsory lines of insurance can yield a significant financial and cultural benefit for companies expanding in the U.S. through acquisitions or investment.