As a wholly owned subsidiary of FM Global, AFM offers retail clients access to the well-established FM Global WorldReach® network. Consisting of a unique combination of insurance products and services offered around the world, this valuable network supports middle-market retailers as they grow their business globally. AFM helps clients expand internationally by providing:

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Contract certainty through a worldwide master/underlyer programme

Locally admitted policies + a global master policy = consistent, legally admitted coverage that retail clients need.

Each country has unique regulations and business practices. The master/underlyer approach offers locally admitted polices, which meet the requirements of each jurisdiction, combined with a master policy that fills the gaps that local policies may not be able to address. The result is a programme that clients can understand.

First, a local policy is issued in the country where the client has a location. Depending on the country, this policy may be an AFM policy or a WorldReach® Partner policy issued by a local insurance company with whom AFM has an agreement. These local policies are admitted and meet the requirement of the local jurisdiction. The key is to provide coverage an admitted basis, because this allows for losses to be paid in local currency, and helps avoid potential penalties or other unfavourable ramifications.

Second, a proVision360 master policy acts as the legally admitted policy for the domestic locations and also provides a difference-in-conditions (DIC) provision to fill any gaps in coverage the local underlyer policy may not be able to cover due to local standards. The master policy is designed to provide consistent coverage for locations around the globe.

All of this is managed and underwritten by each client's local production underwriter—making it easy for clients to get the coverage they need.


Compliance expertise

The international insurance regulatory environment can be treacherous. AFM is uniquely positioned to help manufacturing clients with compliance.

A mix of experience, leveraged partnerships and third-party consultation equips AFM to work with retail clients with international property programs. A dedicated team of global service professionals allows an understanding of each country's unique requirements. This knowledge is collected in "country sheets," which guide production underwriters in properly placing business in countries where clients are located. Our global service personnel also maintain relationships with insurance carriers in these countries so that they can ensure policies are issued according to market requirements.


Consistent loss-control engineering

Property hazards don't discriminate based on country, so why should your loss prevention strategies?

AFM retail clients have access to a network of more than 1,300 highly-trained engineers located in markets where they do business. These resident engineers work with local distribution centre personnel to identify hazards. Account engineers help clients prioritise global hazards and collaborate with the resident engineers to implement cost-effective, practical loss prevention practices. This ensures a consistent risk management approach is being applied to retail clients' growing global business investments.