Global RiskThe Global Risk Approach is a global underwriting system for death and disability coverages based on the multinational company's global experience.
The aim of this system is to provide the multinational company with an "upfront multinational discount" on the related premiums, enhancing the cash flow position of the multinational company.
With this system Insurope moves away from a country by country pricing of these coverages and the assessment of the overall risk is done on a multinational level.
In practical terms, the application of this system means, wherever possible or appropriate, the local pricing is revised downwards to a level of pricing set on a multinational basis.
Once the local pricing is adjusted based on the Global Risk Approach, further multinational pooling of these plans through a Loss Carry forward or a Stop Loss system is available.