BPL Global is proud to announce its support for Street Storage, the only service in the UK specifically providing free, safe, and accessible storage to those experiencing homelessness. The importance of keeping items safe can be (and has been) overlooked when it comes to homelessness, with people sleeping outside at particular risk of having their […]
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 490 CPRI claims worth in excess of US$2.8 billion and arising from losses occurring in over 90 countries.
BPL Global claims since 1983
Our expertise and experience
BPL Global has collected over US$2.8 billion of claims since we were founded, which we believe is an unparalleled statistic amongst other brokers active in CPRI. We have significant experience and 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 Global claims experience arising from loss in country
Claims from financial institutions constituted the bulk of the CPRI market’s claims collections since the global financial crisis – with just over US$3bn across 486 claims settled to such entities between 2007–2018 across the market as a whole, and US$500m paid in 2018 alone. BPL Global handled nearly 30% of these claims. (LMA survey, May 2019).
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
Founded in 1983, BPL Global has grown to become the leading specialist CPRI broker for multinationals, banks and financial institutions. Established amidst a fast changing, newly entrepreneurial culture within the London insurance industry, BPL Global’s achievements have been closely intertwined with, and shaped by, the evolution of the insurance industry and CPRI market. To celebrate […]
BPL Global is dedicated to supporting charities and causes, both locally and internationally, which address pressing societal and economic issues. One of the initiatives that has recently caught our attention and support is Insulate Ukraine – a project that temporarily restores bomb-damaged windows in homes and municipal buildings across war-torn Ukraine, while investing in people, […]
LONDON, UK. Leading CPRI broker BPL Global has appointed seasoned banking professional Riz Sheikh to expand its Portfolio Solutions team. With over 20 years of experience in securitisation and structured finance, Sheikh will lend his expertise to the development of BPL Global’s Significant Risk Transfer (SRT) offering, to complement its existing portfolio solutions capabilities for […]
BPL Global is proud to announce its support of Insulate Ukraine. The project seeks to temporarily restore bullet- and bomb-damaged buildings in towns and villages across war-torn Ukraine with specially designed plastic windows, allowing for uninhabitable homes to become liveable again. BPL Global’s partnership with Insulate Ukraine has so far improved the lives of over […]
Watch the latest episode of BPL Pulse featuring Hugh Friel, Vice President, Structuring, Africa at Frontclear. He joins BPL Global Director Charlotte Hampshire to discuss the role of DFIs in enhancing the stability of money markets in emerging economies, and Frontclear’s approach to delivering support to these regions. We’ve spent a lot of time in-country, […]
