The Hartford is enhancing its multinational capabilities with the launch of The Hartford Global Insurer Network, a directly-managed network of insurer partners backed by a new global technology platform. Through this new network, The Hartford will offer insurance coverage for U.S. companies in more than 200 countries through local and regional partners.
For a U.S. company, doing business globally can present a variety of new risks and having the right protection in place to operate in other countries is essential, said Alfred Bergbauer, head of Multinational insurance at The Hartford. We are pleased to expand our network of global partners to continue to provide the insurance solutions our customers need around the world and the excellent service they have come to expect.
The Hartford continues to build its Global Insurer Network, which will comprise more than 80 local and regional insurers. This includes partners such as Aviva, a leading U.K. insurer, which will service the needs of The Hartfords customers operating in the U.K. and Ireland. In addition to offering U.S.-based customers local policies in foreign countries, The Hartford will service local U.S. policies for clients of its strategic partners.
Like Aviva, The Hartford has more than 200 years of history and shares similar values, making them the ideal partner as we embark on our next phase of growth, said Colm Holmes, President & CEO of Aviva Canada and of Aviva Global Corporate & Specialty. The Hartford will provide Avivas clients with a comprehensive insurance solution in the U.S. “ and we look forward to servicing the needs of their customers in the U.K. and Ireland.
Enhanced Technology Platform
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The Hartford has also developed a cutting-edge, cloud-based network management and engagement platform, which will allow for a real-time collaboration among local partner offices in the network to track and service policies. The platform will provide a view into the underwriting, instruction issuance, claims information, account information, as well as tracking of key performance indicators by program, country and partner.
Successful multinational programs require close collaboration among the customer, broker, carrier and network partners, Bergbauer said. The new system provides a central resource to view and manage the policies in a way that is efficient and transparent.
The platform will be available for network partners on April 1 and will be available for customers and brokers later this year.
For more information about The Hartfords The Hartford Global Insurer Network and Multinational offerings, visit www.thehartford.com/multinational.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Conn. For additional details, please read The Hartfords legal notice.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2018 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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