Insure Direct Brokers are proud to be the Member of Worldwide Broker Network (WBN) in The State of Qatar.
Worldwide Broker Network (WBN)
WBN is the world’s leading organization of privately held insurance brokers. Through its network of partners around the globe we are able to reach out and support our clients, wherever they may have operations and continue to provide them with unparalleled local support, expertise and risk management services, as it is requisite for each member to be a major independent broker in their respective territory.
Salient Features of WBN:
*Largest network comprised of independently owned and managed firms dedicated exclusively to cross-border collaboration on behalf of clients
*World’s 4th largest network of commercial insurance brokers & employee benefits consultants
*Founded in 1989 and comprised of more than 100 top-quartile firms in their respective markets on 6 continents
*Fully integrated structure allows stable and seamless account management within the guidelines set by WBN’s Service Code of Conduct
*Combined revenues exceeding $5 billion annually means WBN members have the attention and support of many of the world’s foremost insurance companies
To ensure it achieves its objectives and maintains the highest standards, WBN members adhere to written constitutional and servicing guidelines. These are managed through organized committees, which also develop and supervise WBN’s innovative and flexible risk management approach around the world.
The WBN Value Proposition
The Worldwide Broker Network is able to provide member firms’ clients with increasingly competitive Property and Casualty Insurance and Employee Benefits consulting by offering these 6 Value Proposition Points:
*Local knowledge and experience in over 100 countries and on 6 continents is a powerful resource for members and clients.
WBN Members have a detailed understanding of foreign insurance legislation and ensure clients’ employees in those countries will receive necessary and competitive levels of benefits. We are passionate about the needs of clients as well as long term personal relationships. We are a dedicated team of connected experts working with each other to serve the needs of clients throughout the world.
*The WBN comprises a network of top quartile firms, independently owned and managed.
The independence of our member firms means that chain-of-command challenges do not occur and decisions can be make quickly. We use mutually agreed-upon compensation for services, allowing clients to receive competitively priced products. Member firms pass through careful review processes before joining and are top quartile firms in their repsective regions. All of this ultimately ensures top-quality products and services for clients.
*Member-to-Member accountability ensures quality while maintaining independence of member firms.
While member firms are free from some of the limitations imposed by ‘owned’ networks, they are still accountable to each other on several levels. In the 360 Degree Review Process, member firms evaluate the performance of their peers. The WBN Service Code of Conduct also provides guidelines within which members can act. Members’ professional standards are maintained at a high level through constant monitoring as well as an appreciation and respect for each other and a belief in WBN’s vision.
*Trustworthy cross-border collaboration ensures that members and clients benefit from WBN’s extensive network.
The WBN network allows clients to have constant access to online coverage and claims data. Local knowledge is available whenever it is needed, and members of the network provide it with a sense of urgency, understanding the costs of interruptions to production or business. WBN places a high value on collaboration. We have two global conferences per year, one located in the United States and the other in various cities throughout the world. This is in addition to other networking events. These are where relationships and trust are built.
*State-of-the-art information management technology securely speeds the collaboration process.
To facilitate communication while keeping it secure, WBN utilizes WBNet Global Management, a proprietary data management, communication, and collaboration tool powered by Origami Risk. It is a totally new platform that replaces the two that came before it; WBN is committed to providing its members and clients with the newest and best technology available to meet their needs. Access to shared data 24/7 in multiple languages and currencies with unparalleled security gives members and clients peace of mind.
*Combined purchasing power has allowed WBN to expand our global reach.
We have enhanced our service platform and increased our product offerings, offering high quality service to clients expanding beyond home borders. A new Global Sponsorship Program just began with this end in mind.
WBN has the capacity to design a variety of programmes, arranging all classes of insurance cover and providing risk management services to satisfy the requirements of international clients. For more information about WBN, please browse through www.wbnglobal.com