Our Service
Implementing a Global Insurance Program for a Major Automotive Manufacturer in Japan
Client
A leading global manufacturer of high-performance automotive components with a significant production base in Japan
Type of insurance
Property Damage & Business Interruption(PDBI) / Comprehensive General Liability(CGL) / Marine Cargo / Directors & Officers (D&O)
Background
Our client is the Japanese entity of a world-renowned leader in the automotive supply chain. As part of a corporate-wide initiative, their global headquarters mandated the implementation of a unified global insurance program across all subsidiaries. The objective was to streamline risk management, leverage global purchasing power, and ensure consistent coverage worldwide. The challenge for the Japan office was to implement this global directive locally. This required finding a specialist insurance partner in Japan who could facilitate a "fronting" arrangement. They needed an expert capable of coordinating between their global risk management team, the international lead insurer, and a licensed Japanese insurance company to issue compliant local policies that aligned with the master global program.
Our solution
Acting as the vital local link, we seamlessly executed the fronting arrangement for the client's global insurance program in Japan. We collaborated closely with all stakeholders to ensure the local policies precisely mirrored the terms, conditions, and coverage levels of the global master policy, while maintaining full compliance with Japanese regulations. Our solution involved the local placement and servicing of four critical policies: ・Property Damage & Business Interruption (PDBI): To protect their crucial manufacturing facilities and ensure business continuity in Japan. ・Comprehensive General Liability (CGL): To provide robust liability protection that aligns with the global program's limits and standards. ・Marine Cargo: To cover the risks associated with the international transit of raw materials and finished automotive parts, vital to their supply chain. ・Directors & Officers (D&O): To issue a local policy that integrated with the global D&O program, ensuring their Japanese leadership was adequately protected. Through our expert coordination, the client achieved the perfect balance: the strategic benefits of a centralized global program combined with the practical necessity of local policy issuance, claims handling, and on-the-ground support in Japan.