The fact that X was a world-wide company offering insurance to multinationals posed particular problems for IT as information had to move between offices and countries to be processed. This was particularly true of Multinational Operations and affected the Marine business far less (00352).A Multinational programme issued in the UK could involve policies in many other countries each reflecting local conditions. Premiums would be collected in each of the countries but consolidated in London for a UK programme. Moreover claims would be submitted world-wide but paid in London and details would need to be available to the underwriter at renewal (00016). Not surprisingly this distribution made for laborious processes and problems of financial control (00284).
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© Clare Tagg 2000