The Finnish Vexve Armatury Group, which specialises in environmentally friendly flow and valve technology and is growing rapidly internationally, has recently been building its group structure. Insurance cover is an essential part of the group's risk management. Managing insurance for a group operating in several countries is a combination of group-level policies and local legislation and business needs – expertise is required to build the right package. ERA's experts helped find the right insurance partner for international operations.
"Our companies in different countries had different approaches to insurance, and of course there are also differences in local legislation – insurance is always a local activity. We wanted to better understand the Group-level risk of loss and build a workable solution for our company's most important risks. ERA's experts helped us analyse the current situation and find the best option for us." [Riiko Kaurola – Vexve Armatury Group]
