Thursday, 14 November 2019
The global mining insurance market: Towards a Turning of the Tide?

The global mining insurance market: Towards a Turning of the Tide?

Commenting on conditions in the mining insurance market is somewhat akin to the playing of a scratched record on an old gramophone belonging  to your grandmother: a repeated mantra, year on year, of increased capacity, more competition, reduced rates and dwindling premium income streams. In last year’s edition of the Review we highlighted the main reasons for the continual excess supply of capital which has plagued the (re)insurance markets for some time now and while there is certainly no let-up in this excess supply we do at least sense that things may be beginning to change, at least in some areas of the mining portfolio.

A large number of parallels can be drawn between the mining and insurance industries at present. They have both experienced a prolonged downturn, with margins disappearing and oversupply persisting. Some consolidation has occurred and they have either neared or seen the bottom of the cycle. While the mining industry is ahead of the insurance industry in terms of pricing recovery, we see that trend emerging in the insurance market for miners as well in the second half of 2017.

Read the full report by Willis Towers Watson below. 

Image

Related Documents

1103

Theme picker

«November 2019»
MonTueWedThuFriSatSun
28
29
30
31
28/10/2019 8:00 AM - 31/10/2019 5:00 PM
6426

International Mining and Resources Conference (IMARC)

Location: Melbourne Convention and Exhibition Centre (MCEC), Convention Centre Place, South Wharf VIC, Australia

Read more
123
45678910
1112
12/11/2019 5:00 PM - 7:30 PM
6655

Sydney End of Year Networking Event

Location: The Rooftop at Shelbourne Hotel, 200 Sussex St, SYDNEY, NSW, 2000, AUSTRALIA

Read more
1314151617
18192021
21/11/2019 6:30 PM - 11:00 PM
6663

Austmine 30 Year Anniversary Dinner

Location: Fraser's Restaurant, Fraser Avenue, Kings Park WA, Australia

Read more
222324
252627
27/11/2019 5:00 PM - 7:30 PM
6657

Brisbane End of Year Networking Event

Location: The Fox Hotel, Melbourne Street, South Brisbane QLD, Australia

Read more
2829301
2345678

Filter Events

Filter:

Filter by Categories


Reset Filter

GET SOCIAL

SUBSCRIBE to our newsletter

Loading

Austmine

 

OZ METS Hub

WonderWebs.comTerms|Privacy|Copyright © 2019 Austmine | Mining Equipment, Technology and Services (METS) Sector
Back To Top