For example, in growing markets like the United Kingdom, Germany, Holland, France and Scandinavia, there are specific policies dedicated to, and underwriters specializing in, technology. But despite the creative approaches to solve e-risks, the samw dilemma exists regardless of location. Lack of loss experience, and more importantly, case law, in the global technology sector has presented unique challenges to lawyers trying to litigate the issues and insurers trying to cover them. As companies expand over the Internet, the technical make-up and evolving exposures are not the only risks. Eastern European countries like Poland and the Czech Republic typically require smaller limits, anywhere from one hundred thousand dollars to one million dollars.
Demand usually comes from the client's association with a multinational parent or business partners.
With the increased activity abroad, this may become more challenging in the future. But borders are blurring, with a lot of intermingling on the boards. The policy wording should be examined. It can be a real nightmare. Moving Fast Traditionally, when a U.S. multinational client began expansion outside the United States, it would rely upon the capabilities of its existing insurance companies and brokers to address its insurance needs.