[Consulting Case] Manufacturing Companies Expanding Overseas

An example explaining the necessity of separating overseas local subsidiaries from Japanese securities and arranging insurance locally!

We would like to introduce a consulting case for manufacturing companies that have expanded overseas, with overseas sales accounting for more than 60% of total sales. Initially, the insurance company explained that "all global risks can be covered by Japanese-issued securities," and at the behest of the insurance company, we listed overseas local subsidiaries as additional insured parties within the Japanese securities. Therefore, we held a study session for the company's personnel to communicate the points of caution regarding insurance arrangements overseas and the procedures in the event of an accident, and we provided support for advancing insurance contracts with overseas local subsidiaries. [Case Summary] ■ Issues - Listing overseas local subsidiaries as additional insured parties within Japanese securities (this violates local insurance regulations, but the insurance company did not provide any explanation regarding this). ■ Solutions - Held a study session to convey the points of caution regarding insurance arrangements overseas and the procedures in the event of an accident. - Provided support for advancing insurance contracts with overseas local subsidiaries. *For more details, please refer to the related links or feel free to contact us.

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