Eskom Asset Insurance Programme

Eskom Asset Insurance Programme

Sum insured USD 50 Billion

- Evaluation of all technical aspects of the risk including design and engineering standards
- Assessed any risk aggravating and mitigation factors
- Evaluated past loss history or experience
- Determined and/ or calculated premium rating and deductibles
- Calculated Probable Maximum Loss (PML) and Estimated Maximum Loss (EML)
- Advised ceding insurers of reinsurers terms and conditions
- Provided claims management assistance to claims departments and ceding insurers
- Provided technical training to ceding insurers, direct brokers and in some cases, the insured

Carried out engineering risk assessments:
- Site surveys including plant walk-down and
- Assessments of risk exposures
- Prepared reports articulating quality of the risks and pertinent exposures
- Compiled risk recommendations for risk improvement
- Determined monitory value of PML and EML that were acceptable to reinsurer's share of the risk in line with Munich Re underwriting capacity guidelines.
- Risk placement with direct insurers and/or through reinsurance brokers

Eskom Asset Insurance Programme

Eskom Asset Insurance Programme

Asset Sum insured R6,5 Billion

- Evaluation of all technical aspects of the risk including design and engineering standards
- Assessed any risk aggravating and mitigation factors
- Evaluated past claims experience/ loss history
- Determined and/ or calculated premium rating and deductibles
- Calculated Probable Maximum Loss (PML) and Estimated Maximum Loss (EML)
- Advised ceding insurers of reinsurers terms and conditions of involvement
- Provided claims management assistance to claims departments and ceding companies
- Provided technical training to ceding companies

Carried out engineering risk assessments:
- Site surveys including plant walk-down 
- Assessments of risk exposures
- Prepared reports articulating quality of the risks and pertinent exposures
- Recommendations to improve the risks
- Determined monitory value of PML and EML respectively that were acceptable to reinsurers such as Munich Re for their share of the risk.
- Risk placement with direct insurers and reinsurers

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