As U.S. property-casualty insurance multinationals face pressure for top-line growth, foreign markets are taking on new strategic importance, with eyes focused on two emerging economic giants–India and China–offering powerhouse potential for commercial and personal lines expansion. Still, U.S. insurers looking to capitalize on opportunities abroad are also encountering significant obstacles that require patience and savvy to overcome.

Warren, N.J.-based Chubb Corp. has served overseas clients for almost 80 years, and today offers products where 95 percent of the world's p-c insurance is sold. Indeed, almost 20 percent of Chubb's overall written premium comes from foreign markets, according to Jan Tomlinson, who heads up Chubb's international field operations.

Still, the carrier is eager to grow internationally beyond traditional foreign markets–and they are not the only ones.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.