Risk managers can ensure multinational insurance programmes are compliant in an additional 20 jurisdictions
A further 20 jurisdictions have been added by Axco to its global insurance regulation database, Insight Risk Manager, bringing the total number of territories to 70.
The tool was developed with UK risk management association, Airmic, and launched at the association’s annual conference in June last year with an initial 30 jurisdictions. The popularity of Insight Risk Manager has led Axco and Airmic into official consultations with the Federation of European Risk Management Associations (FERMA) and the Pan-Asia Risk and Insurance Management Association (PARIMA) about granting access for their respective members.
Risk managers with access to the database can now ensure that their insurance programmes are compliant in several emerging and growth markets in the Middle East and Asia-Pacific.
The new territories include:
- Saudi Arabia
- United Arab Emirates
- Hong Kong
- Sri Lanka
Axco managing director Tim Yeates said: “Since its launch last year, Insight Risk Manager has enabled better regulatory compliance for global insurance programmes. We have received an overwhelmingly positive response to the database. The addition of these territories marks the next stage of Insight Risk Manager’s development as we provide comprehensive support to our clients.”