Following the announcement last week that BPL Global is to open a joint venture with EIA Global in New York, James Esdaile, Managing Director, assesses what the CPRI product can offer US financial institutions and exporters in an article in ExCred New York’s supplement for its inaugural conference this week. Esdaile breaks down the claims […]
Claims
The value of our products is demonstrated by ensuring that claims are paid in full and on time, and this underpins every aspect of our service to clients. Our claims record is testament to our leading position in the credit and political risk insurance (CPRI) market. Since our establishment, we have settled over 400 CPRI claims worth in excess of US$2 billion and arising from losses occurring in over 80 countries.
Tony Taylor
Claims Director
With over 25 years’ experience, Tony is widely regarded as the leading claims broker in the CPRI market.
Our expertise and experience
BPL Global has collected over US$2 billion of claims since we were founded, which we believe is an unparalleled statistic amongst other brokers active in CPRI. Our senior staff all have significant claims experience, and we are unique in having a dedicated Claims Director, Tony Taylor, specialising solely in CPRI claims. We have an excellent reputation with loss adjusters and insurers active in CPRI, which value our professionalism and breadth of experience.
For BPL Global, the key to ensuring successful claims collection begins at the time a policy is put in place. We place great importance on ensuring that policy wordings are clearly drafted and understood by our clients, following a thorough review of information and documentation pertaining to any transaction. We also employ a rigorous internal peer review system to ensure every new policy is thoroughly checked by a director who was not involved in placing the insurance contract. In the event of a claim, we guide our clients through the whole process – acting in their interests at all times to ensure that the claim is paid in full and on time.
BPL claims experience arising from loss in country
We have an extensive and diverse claims history; since our establishment, we have collected over 400 claims arising from losses occurring in over 80 countries.
Our claims statistics
Our claims statistics – tracing back to 1983 and providing data by product type, country of risk, region and client type – give us unrivalled historical data, demonstrating not only our claims handling ability but also the performance of the CPRI market in general.
This data has been used by our clients as statistical evidence that the CPRI product works, for both their internal risk departments and external regulators. In recent years, this has been of particular value for those clients buying Non Payment Insurance.
Due to the confidential nature of the policies we conclude, we are unable to provide more specific information on our claims statistics here – but please contact us for further details.
Find out what sets us apart:
In the news
BPL Global is delighted to announce that it has signed a memorandum of understanding with EIA Global to form a joint venture insurance broking company in New York. The joint venture will focus on global financial institutions which will benefit from its globally-integrated specialist credit and political risk insurance (CPRI) broking services. As client demand […]
In a “60 second interview” with Trade & Forfaiting Review, Sian Aspinall, Managing Director, says that the CPRI market is growing in strength, with significant demand from banks using the product as a credit mitigation tool under the Basel framework. Meanwhile, Aspinall suggests that the private market has established itself as a credible and respected […]
The leading credit and political risk insurance broker has obtained a brokerage license to allow it to undertake insurance intermediation in the Dubai International Financial Centre (DIFC). London/Dubai. 4th September 2017. BPL Global, the leading specialist credit and political risk insurance (CPRI) broker, has been granted a brokerage license by the Dubai Financial Services Authority […]
In an opinion article for Trade & Forfaiting Review, James Esdaile, BPL Global’s joint Managing Director, explains that heightened political instability and banking capital regulations have driven exponential growth in the specialist Credit and Political Risk Insurance (CPRI) over the past few decades. However, to take the next step, Esdaile writes, the market needs to […]
After 27 successful years in London, ExCred will also take place in New York this year for the first time, providing a forum for brokers, corporates, banks, insurers, ECAs and MDBs to discuss how credit and political risk insurance (CPRI) can best support international trade and investment. BPL Global has been announced as the gold […]
Best Trade and Political Risk Insurance Broker 2013, 2014, 2015
Best Trade and Political Risk Insurance Broker 2012, 2013, 2015
Best Trade Credit and Political Risk Insurance Broker 2013, 2014, 2015, 2016