Putting the first 3 letters in Assicurazione (Insurance in Italian)

Working in an International company in New York, I very often forgot just how international we were. Our policies would rarely clash with other policies written elsewhere in the world- and- even when we would extend coverage to be granted on a “world-wide” basis, this coverage was only REALLY valid for suits brought in the US anyway (this is standard market wording for any company based on US Insurance regulations). Then there is the fact that US insurance regulations are very strict and vary from state to state, making the US Insurance system rather beastly and difficult for even people who work in Insurance outside the fifty states to understand.

Here, the perspective is entirely different, also because, a company based in Italy may very well have subsidiaries in Germany, Belgium and Luxembourg. Today, for example, I spent a good deal of time, talking to a colleague in Belgium, because Company X in Luxembourg who is owned fully by Company Y in Italy had a policy with us in Belgium through another broker- but Company Y decided to buy a Master policy in Italy this year- so effectively we have 2 policies out covering the same company. Nich gut. So, we call our colleagues in Belgium to say- Ummm- you need to cancel this policy NOW! Only, the broker for Company X wants their commission, even though there is no policy.

What drama! Only made more interesting by the fact that we were working between French, Flemish, English and Italian.