View this article online: https://www.insurancejournal.com/news/national/2019/06/20/530016.htm
CNA has launched a new technology platform – CNA ComPass – that will allow the insurer and its network partners the ability to write and manage local admitted placements around the world in real-time.
CNA’s international business insurance products target a range of international operations and exposures, including property, general liability, excess automobile liability, workers’ compensation/employers’ liability, business travel accidental death & dismemberment (BTAD&D), kidnap & ransom (K&R), management and professional liability, and Defense Base Act coverage.
The integrated multinational platform, coupled with CNA underwriters, will allow the insurer to deliver products and capabilities to businesses of all sizes for domestic, international and global exposures.
“In today’s globalized business environment, success is increasingly sought outside a company’s own borders. While domestic insurance policies typically do not have the coverage to help address overseas events, international business coverage that follows a business and employees worldwide is critical,” said Kathleen Ellis, senior vice president, International Solutions, CNA.
Ellis added CNA ComPass will allow the insurer’s network, that includes 226 business partners in 164 countries around the globe, to more efficiently service multinational organizations with complex local policy requirements.