Case study
Packing more simplicity into a global casualty programme
A packaging manufacturer with operations across 10 countries turned to Sompo for help implementing a more simplified, streamlined and easier to manage insurance program.
Industry: Packaging manufacturing
Line of Business: General Liability
Gross Written Premium: > US $150,000
Countries: Spain, France, Germany, Italy, Poland, Argentina, Brazil, Chile, Mexico, US
Producing Country: Spain
The challenge
A packaging manufacturer with a long-standing relationship with an incumbent insurer was looking for ways to enhance its risk management program, while gaining cost efficiencies and maintaining service levels.
The solution
Sompo’s Spain Casualty team developed a streamlined underwriting strategy, working closely with specialists from our Multinational Business Unit and local issuing offices to transform the approach into a practical and consistent international solution that differentiated Sompo in a highly competitive process. Through consistent communication, technical dialogue, and a shared commitment to execution, the Sompo team combined underwriting judgement with local expertise to deliver a simplified multinational solution that worked effectively across different jurisdictions.
Good underwriting means being willing to challenge the status quo and look for a better solution but also knowing how to use the expertise around you. Sompo’s Multinational specialists and in-house platform provided technical insight, flexibility, and speed to turn a different approach into a workable solution. That combination of independent thinking, collaboration, and shared expertise is what ultimately creates better outcomes for our clients.
Patricia Fonseca Baiao
Senior Casualty Underwriter, Iberia, Insurance
About Sompo
We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 138 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.
“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.
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