Berkshire Hathaway Specialty Insurance (BHSI) has added enhancements to its several multinational capabilities, expanding its partner network and internal team of multinational experts.
Simultaneously it has also added multinational products and adopted a new technology platform to elevate service.
David Valzania, Head of Multinational, BHSI, commented, “We continue to evolve our multinational services and capabilities to keep pace with the increasing needs of our customers.
“BHSI has always been agile, and we are demonstrating this again as we strategically expand to deliver best-in-class multinational programs and service to our customers and distribution partners.”
BHSI has grown its network of partners to now deliver services in 178 countries.
To meet the company’s growing business needs, it has also expanded its dedicated internal team of multinational experts to 13 cities around the world. The company has also rounded out its multinational capabilities to include surety bonds.
Additionally, BHSI has adopted WorldLink, an end-to-end digital solution to manage and service multinational program business.
With the introduction of WorldLink into BHSI’s multinational process, the workflow has improved by unlocking bandwidth and allowing for scalability across the company. BHSI is now using WorldLink to transact 95% of its multinational business.
BHSI collaborated with London-domiciled insurtech, ChainThat, leveraging its Beyond Multinational Programs platform to design and build the WorldLink solution.
Valzania concluded, “ChainThat’s distributed ledger-centric platform supports consistency, compliance, and transparency in our multinational transactions, while delivering data clarity and protection across multinational accounts.
“It enables BHSI to seamlessly coordinate and collaborate across local underwriters, producing offices, and network partners, facilitating the execution of our multinational programs.”
