We live in an ever shrinking world. Businesses become bigger almost daily. They have multinational interests and multinational structures. Paradoxically, the more complex businesses become the more they are likely to be attracted by simplicity in their insurance arrangements.
Global contracts offer advantages to such organisations – economies of scale and administration; elimination of the risk that a claim might fall between two policies; simpler renewals and so forth. Nevertheless, global insurances may still be written without an express choice of law. As a matter of commercial reality, this is likely to continue. Most contracts, after all, run satisfactorily to their desired conclusions without resort to the courts being necessary.
