Research conducted by The Hartford suggests that a sizeable portion of US-based businesses are uninsured, under-insured or improperly insured when it comes to their foreign exposures. We estimate the missed premium opportunity to be approximately US$4 billion.
To help address this important need among US enterprises, The Hartford has developed and launched The Hartford Global Insurer Network and associated Global Online Portal trading platform. In 2020 we enhanced the platform to include real-time collaboration with our agent/broker and client partners.
This global platform now provides The Hartford’s clients with access to locally licensed coverage solutions in more than 200 countries around the world. Each transaction is supported by The Hartford’s Global Online Portal which facilitates real-time, cloud-based collaboration among The Hartford and its insurer partners, clients and brokers. The Portal enables the efficient transaction of local insurance solutions while empowering each associated party with the data they need to make informed coverage and claim decisions. Specifically, the platform offers a look into the underwriting, instruction issuance, claims information, account information, while tracking key performance indicators by program, country and partner in a transparent and collaborative process.
The platform also provides The Hartford’s international insurer partners with access to its insurer platforms in the United States and Canada.
Successful multinational programs require close collaboration among the customer, broker, carrier and network partners. The Hartford’s new environment provides a central resource to view and manage policies in a way that is efficient and transparent.