In the latest issue of Reactions, our Managing Director, Sian Aspinall, discusses how the political risk insurance market performed in 2018 and the current state of play across the wider credit and political risk insurance (CPRI) industry. “Maximum per-risk capacity available for political risk rose to $3.2bn, representing a $200m increase from 2018 and indicating […]
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
BPL Global has today announced the appointment of Donnie DiCarlo as Executive Vice President. DiCarlo, who joins after 10 years as Senior Vice President of Marsh’s Credit Specialties Group, will be based in New York and is charged with expanding BPL Global’s client base in the US and the wider Americas region. Known primarily for […]
Leading specialist credit and political risk insurance (CPRI) broker brings technical expertise to New York with claims seminar. BPL Global marked the opening of its New York office on 26th March with an event bringing together some of the region’s leading experts in the CPRI industry. The event, titled “The Shop Window”, consisted of three […]
Freely joins Executive Board to help shape the insurance broker’s global strategy, having previously been Global Head of Marsh’s Credit Specialties Group. BPL Global, the leading credit and political risk insurance (CPRI) broker, is delighted to announce the appointment of Evan Freely to its Executive Board. Bringing over 25 years of market experience, Freely will […]
BPL Global is pleased to announce the release of its latest Market Insight 2019 report. The new annual market report shows that Spain and Germany ranked sixth and seventh in the top 10 countries for CPRI claims by value from 2016 to 2018. Over the three-year period, the broker collected US$32 million and US$27 million in […]
BPL Global, the leading credit and political risk insurance (CPRI) broker, today announced the appointment of Lucia Petry as Directeur of its French subsidiary, Berry Palmer & Lyle SA. Since joining BPL Paris in 2014, Petry has immersed herself in helping exporters and investors effectively use CPRI products to minimise risks abroad. In her role […]
