What does a Controlled Master Program (CMP) aim to ensure?

A Controlled Master Program (CMP) is designed to provide a coordinated approach to insurance and risk management across a multinational company's operations. The primary aim of a CMP is to ensure consistency in strategy implementation across different countries. This involves standardizing insurance coverage, risk management strategies, and claims handling processes to align with the overall corporate objectives, while still considering local regulatory requirements.

The CMP creates efficiencies and allows for the central management of insurance programs, resulting in optimal risk financing and resource allocation. This centralization promotes a unified strategy that can effectively meet the risk profiles of an organization operating in multiple jurisdictions.

In contrast, the other options do not align with the core purpose of a CMP. Focusing solely on local regulations would undermine the global strategy that a CMP seeks to implement. Similarly, concentrating protection only on local property or maintaining minimal cooperation with global brokers deviates from the objective of integrating and harmonizing insurance practices across all territories to maximize benefits for the entire organization.