Individual insurance solution for automotive suppliersCorporate insurance concepts for the industry
1908 Henry Ford put the first vehicle for the broad mass of the populace on the road. At the time he was convinced that he had the ability to offer everything as single-source. Unfortunately, even at that time this could not be completely realised. Today, this approach is unimaginable, the vehicles produced consist of thousands of different parts and they are dependent on the supplier industry. Despite the challenges posed by globalization and the competitive pressure facing automotive suppliers, they remain probably the most important industry for automobile manufacture.
The challenges on the market
Automotive suppliers – in particular medium-sized manufacturing companies – are the backbone of Autoland Germany; a backbone that has evolved over time.
Particularly the low vertical integration, platform strategies, deliveries to or for system suppliers that are common in this segment pose special challenges for individual companies and the entire supply chain.
Industry-specific features and terms, such as:
- Reference market models
- Recognition procedures
- Concept responsibility agreements
- NTF processes
embody contractual liability regulations that regularly go far beyond legal liability.