International Risk Management/Global Solutions

Businesses with global operations face unique risks and opportunities. The risks begin with uncertainty about ever-changing international insurance laws and regulations, and can escalate to include political instability, social unrest or otherwise undesirable exposures. Identifying and understanding your global risk management needs is the first step in developing a plan to manage and mitigate international risk.

The Wells Fargo Insurance Services (WFIS)/ABD International Practice are made up of experienced professionals who are experts in international program design and implementation. We will provide you with an analysis of your international risks and develop strategies and solutions to manage your unique exposures. We will help protect your organization from the risks associated with international growth and opportunities.

Global Communication

Global Communication, the ability to effectively share, move and manage information, is the key to a successful international risk management program. Using leading edge technology we manage and control the global communication process between all parties involved:

• The Risk Manager,
• Our Service Team,
• Our international broker representatives, and
• Your international subsidiaries.

Our structured communication process and technology platform enable all parties to understand:

• Your international risk management philosophy, goals and objectives
• The program implementation process
• Our international broker service instructions
• The scope and cover of your global, master insurance programs
• The local, admitted coverage placed and how these policies coordinate with your global programs

Our advanced, collaborative technology platform enables us to control information and coordinate international service. All parties have access to the same current and accurate information, reducing the volume of questions raised to you by your international operations. Our process enables us and you to minimize the time spent on administrative details, thereby increasing service and strategic deliverables to your business.

International Representation

We have membership in two of the world's leading international brokerage networks:

• HLA Global
• Worldwide Broker Network (WBN)

These networks provide us international representation in over 350 offices in more than 75 countries - providing options and expertise for our Fortune 1000 clients. Our network members in each country are well respected and staffed with experts to manage our incoming business and your international service needs.

Every country you operate in has its own local culture, labor practices, local insurance laws/regulations, and local tax standards. These issues are amongst the most challenging that global risk managers face and if overlooked, could impact the success of your international operations. Along with providing superior service to your subsidiaries, our international representatives help manage these critical issues and keep us informed of any related changes that may impact your business.

Our International Practice provides the information and resources you need to effectively manage your international concerns. We are dedicated to staying in front of the needs of your growing global business.

Agile, motivated, and effective. We are where you are, and where you need us to be.

Please See:
Our Risk Management Practice
Risk Management Consultants
International Risk Management/Global Solutions
Risk Management Approaches
Insurance

Risk Management Consultants:
For more information regarding our Risk Management professionals, please contact:
Gary Kilburg, ABD SVP & Chief Risk Officer (206-892-9247).