Mining

Mining

From the Industry Business Area and via a highly specialized team we handle the overall insurance needs of companies whose main activity is in the mining sector. Studies on claims involving mining show that these tend to have high intensity of losses, not only for the companies that suffer the claim but also the whole value chain.

In MAPFRE Global Risks we offer integral solutions designed personally and in response to the clients’ needs by carrying out an exhaustive analysis of the risks, evaluations and protection against claims that may arise from the mining activity, such as: damage during construction and erection stages, collapse of underground galleries, landslides and earth movement in the mining areas, pollution, fires inside the mines or accidents with mobile equipment. Mining requires intensive risk administration and evaluation; for this reason, in MAPFRE Global Risks, we provide offer our clients teams that are specialized in the identification, reduction and control of risks in the mining sector.

Experience shows that whilst mining risks are located usually at the mine site and surroundings, these are not always the operational risks – where the company usually has  greater knowledge and control - but can also be extraordinary or catastrophe risks, such as the final transportation of raw materials or sudden flooding.  For this reason, the appropriate risk evaluation and management can make a significant difference to the profitability or viability of a mining project. Our main challenge is to manage efficiently these global risks, looking at the impact of the activities, collaborating for sustainable growth, anticipating and controlling the health, safety and environmental risks to which the mining activity processes are exposed.

All of our Risk Management solutions are comprehensive. The MAPFRE Global Risks response is not limited to covering risks or recommending retention levels for our clients. We propose actions to be carried out to prevent and protect against risks; accurate analysis, treatment and Risk Management is available to our clients through the extensive engineering systems of ITSEMAP, the technological subsidiary Global MPAFRE Risks, that has 90 technicians and 25 years of experience providing risk management products and services.