The Globally
Coordinated Master Insurance Program®
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International Insurance – Advanced© 3 Credit
Hours
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Overview: |
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This is an advanced course as it
will introduce a number of concepts and terms to the audience. The
introduction provides a quick review of the Difference In Conditions and
Difference in Limits Coverage outlined in a prior course. It is for the
student who has background in international or the student who has taken the
Basic and the Intermediate International Courses.
The Globally
Coordinated Master Insurance Program®
[GCMIP] is a concept where the
client and insurance broker are able to build a worldwide insurance program
that integrates several lines of business and policies throughout various
countries where the client has exposure.
It outlines how to build a GCMIP for a middle market emerging
international or existing multinational company. It takes the audience
through a quick review of terms and then outlines the benefits of a GCMIP. |
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Target Audience |
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Insurance Agents, Insurance
Brokers, Insurance Associations, Business Associations, Underwriters, Claims
Personnel, Loss Control Personnel, and Students studying Insurance. |
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Scope of Course: |
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Uses a mid-tier middle market company to
illustrate the issues involved in issues involved in going global. |
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Discusses the advantages and disadvantages
of locally placed policies outside the United States. |
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Illustrates how to integrate the Difference
in Conditions / Difference in Limits International Policy with locally
issued policies in country. |
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Outlines various issues and shortcomings
with non-U.S. forms and tariff jurisdictions |
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Defines a GCMIP and illustrates how the
GCMIP is a better alternative. |
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Discusses various ‘unique’ coverages found
outside the U.S. market |
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Wraps all the issues together and
illustrates the global program structure and pricing. |
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Metrics: |
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Relies on claims examples as its teaching
method to illustrate various coverage points |
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Takes the audience through the various
coverages available in a GCMIP program |
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Illustrates various types of GCMIP programs |
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Discusses capabilities needed by the producer,
insurer and customer that facilitates a GCMIP program – No Insurer names
are discussed. |
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Goal of Program: |
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To provide the audience in-depth
understanding of a GCMIP to assist their international and/or multinational
customers |
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