IDENTIFYING & REDUCING YOUR RISKS

New World Insurance understands how vulnerable companies can be, from dealing with employee-related issues to global terrorism. We have developed a comprehensive and thorough approach to providing innovative risk management solutions. We start by identifying the various risks your company is exposed to in the course of day-to-day business. Then we evaluate the potential for losses and recommend the most effective and appropriate ways to prevent, reduce or avoid those losses. If any risk remains, we either transfer it to the commercial insurance market or find other financial facilities to manage it. We may even create an entirely new product to handle the problem.

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HELPING YOU FIND THE BEST INSURANCE COVERAGE

The specialized nature of the insurance business can make it difficult to comprehend. That is why you should rely on the experts to help you find the best insurance coverage at the most favourable rate. At New World Insurance, we provide guidance and overall coordination to aid you in your search. On your behalf, we will invite tenders from a list of qualified insurance companies. We will analyse the responses, provide advice on terms selection and advise you on the best course of action. Once you have chosen an insurance company or companies, we will compile an insurance manual that will be used by you and your staff. The manual explains the administration requirements for the insurance programme and the procedures for handling claims. We are also able to help you negotiate claims with insurance companies and adjusters on your behalf.

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EXTENT YOUR COVERAGE WORLDWIDE

If you do business around the world, you need to protect your interests locally, regionally and globally. We can help you arrange insurance programmes at all levels so you will be protected from risks. Through our widespread partnerships and extensive experience, we are able to design, implement and manage a variety of programmes to meet your needs. What’s more, New World Insurance can use our bargaining power to secure more competitive rates in the different markets where you operate. So you will enjoy the best combination of coverage, price and service.

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MINIMIZING RISKS USING DIFFERENT TOOLS AND STRATEGIES

In today's complex business world, there are greater demands placed on companies to deliver profitable results. With these demands come increased risks. To make sure you are totally covered, you may need to use non-traditional insurance tools and strategies. New World Insurance has a wealth of experience in creating and managing various forms of alternative risk financing vehicles, such as captive insurance companies. Not only can these vehicles mitigate risk, but they can also save you money and speed up the recovery from any loss.

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SPREADING THE RISK

Reinsurance is an agreement between insurance and reinsurance companies to apportion the risk of loss and help you to maximize the economic benefit. New World Insurance offer a full range of reinsurance services through our subsidiary – International Reinsurance Management Limited (IRM). As an independent professional reinsurance broker, IRM provides insurance broking for insurers and reinsurers. It also supports New World Insurance when we arrange reinsurance for the captive insurance companies we manage.

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