Search
 

Insurance

Software giant goes to India to build its own system

By Staff Writer | Updated on October 01, 2003

It’s not easy being big. When Microsoft Corp. went looking for a risk management information system, there was nothing on the market that met its needs.The available systems assumed a company bought traditional insurance in one-year increments, and the software giant’s approach was anything but traditional.

When Microsoft thinks about transferring risk, its main focus isn’t traditional policies like property and casualty or general liability. Given the nature of its business, its limited physical plant and the fact that it doesn’t operate any stores, the software giant is more concerned with risks related to intellectual property rights, regulatory matters and business contracts and relationships-areas where loss events occur infrequently, but can prove very painful financially. Microsoft employs sophisticated methods to transfer such risks, like captives and finite programs, and it tends to have high self-insured retentions. It also has multiple policies, with limits totaling hundreds of millions of dollars.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

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.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.