BPL Global, the leading credit and political risk insurance (CPRI) broker, has created a team dedicated to excess of loss (XOL) trade credit insurance with a specific focus on the trade finance sector. XOL traditionally supports strong credit management within large multinational corporates. Recent product and technological developments, coupled with new underwriter entrants, now mean […]
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 440 CPRI claims worth in excess of US$2.4 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$2.4 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 440 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
On Wednesday 4th July, we were delighted to host a reception at the Natural History Museum to celebrate 35 years of BPL Global. From our beginnings in 1983 with four staff, we have grown to become the largest specialist broking team in the credit and political risk insurance market. We could not have done this […]
BPL Global has established, via its French subsidiary BPL S.A., a branch office in Geneva. The new Geneva branch will focus on developing new relationships with Swiss-based banks, traders, NGOs and other potential clients, as well as being a local point of contact for the broker’s existing clients. Philippine de Villèle joins from UBS to […]
BPL Global, the leading credit and political risk insurance (CPRI) broker, today announced the appointment of Sam Evans as Director. He joined BPL Global in 2004, and has extensive experience of helping European-based corporates, banks and commodity traders effectively use the CPRI product, with a strong focus on and extensive experience of the African market. […]
BPL Global has been crowned “Best Trade Credit and Political Risk Insurance Broker (CPRI)” at this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award takes BPL Global’s haul in this category over the years to an impressive eight. James Esdaile, Managing Director, commented: “To be named once again as top of the […]
BPL Global has become the first broker to have placed a credit and political risk insurance (CPRI) policy on PPL, the London insurance market’s electronic placing platform. PPL is an electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally. It was designed to allow participants in the London […]
