In its awards announcement Global Finance stated “As they operate in an increasingly complex and competitive environment, businesses in all parts of the world must find a way to address larger and more challenging exposure.”
According to Joseph D. Giarraputo, president and publisher of Global Finance, “The survey findings offer insights that may be useful to readers as they make critical choices about their risk management strategies and providers.”
Top insurers were recognized overall and by coverage in seven global regions. Winners were selected by a panel of 13 prominent risk management and financial executives at major companies headquartered in each geographic region, and a survey of the publication’s readers. Award criteria included:
• pricing and coverage terms
• financial security/stability
• service delivery on claims handling and pre-loss service.
In addition to Euler Hermes’ selection as best global trade credit insurer, Allianz received a total of 13 awards, notably as best global casualty insurer and best global crime/fidelity insurer plus 11 awards across five different regions.