While insurance experts noted that companies with overseas operations are not retreating back to their domiciled countries in the face of the recession, companies are cutting back on sending individuals overseas for business, which is affecting a different segment of the international market.

Lloyd Yavener, vice president of Marketing for Washington, D.C.-based Clements International, which provides insurance for expatriates, international schools, multinational businesses and relief organizations, said corporations are pulling back on expenses, and so they have decreased their presence abroad with respect to sending employees overseas. This has in turn reduced the opportunities for insurers who provide coverages to these individuals as they travel to foreign locations.

Mr. Yavener said the market has not pulled back dramatically, but it has flattened in 2009.