Case Study: The Benefits of a Controlled Master Program
Published on: 02-Apr- 2007 | Comments: 0
A multi-billion dollar computer manufacturer/software developer used a U.S.-based broker, an international broker and miscellaneous brokers in 60 countries worldwide. After learning about the client's program structure and operations, we proposed to globalize the insurer and broker relationships into a controlled master program.
The result was an annual premium savings of $900,000 from $2.4 million in premium overall. Service was also improved by centralizing program administration, consolidating premium payments and setting up global service standards.
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