Multinational Companies Benefit from Soft Market but Face Regulatory Compliance, Taxation Challenges
Published: March 11, 2011 | Country: United States
| Comments: 0
U.S.-based multinational companies are expected to benefit from a continued soft commercial insurance market in 2011 but face growing regulatory compliance and taxation challenges, according to a comprehensive new report published by Marsh.
The global regulatory environment changed substantially, particularly in relation to insurance requirements and premium taxes changes, Marsh said in its report, Approach Your Risk with Clear Direction: Multinational Insurance Market Report 2011. The annual report provides information on commercial insurance market trends and conditions for all major classes of business globally.
"This increased regulatory scrutiny will require risk managers to become more visible in their firms, as it will impact companies’ insurance buying decisions and require greater accountability for their financial and hazard risks,” said Hank Allen, President, Marsh Multinational.
"In addition to heightened regulatory scrutiny, global risk managers continue to feel the impact of the economic downturn and remain focused on insurer security, spread of risk, and balance sheet transparency,” added Allen.
Marsh Multinational Client Service (MCS) will host a one-hour teleconference on Tuesday, March 22 at 11a.m. EST, to discuss emerging risks, regulatory and compliance developments, placement trends, and insurance premium-related tax issues in the commercial insurance marketplace. Click here to register and submit any topics or questions to be addressed during the call.
The complete report is available on our Insurance Market Report Web site. Marsh has also published Insurance Market Reports for North America; Europe, the Middle East & Africa; Asia; Pacific; and Latin America and the Caribbean.
For more information, please contact us at: email@example.com