The Finnish Vexve Armatury Group, which specialises in environmentally conscious flow and valve technology and is experiencing rapid international expansion, has recently been developing its group framework. Insurance coverage is an integral component of the group's risk management. Administering insurance for a group operating in multiple jurisdictions is an amalgamation of group-level policies, local legislation, and specific business requirements – specialised expertise is requisite to construct an optimal solution. ERA's experts assisted in identifying the most suitable insurance partner for international operations.
"Our companies in diverse jurisdictions had divergent approaches to insurance, and naturally, disparities also exist in local legislation – insurance is always a localised activity. We wanted to gain a clearer comprehension of the Group-level exposure to loss and devise a viable solution for our company's most critical risks. ERA's experts assisted us in analysing the prevailing circumstances and identifying the optimal option for us." [Riiko Kaurola – Vexve Armatury Group]
