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Mining Market Update


For the fifth consecutive year, the global insurance marketplace for mining risks continues to soften. However, in the past six months the rate of reduction has slowed as insurers have resisted reduced prices.

The latest Mining Market Update features market commentary from the international markets for mining risks and the key mining hubs of Australia, Canada, Latin America, South Africa, and the US, with in-depth analysis and commentary on current global insurance market conditions for mining risks.   

Key findings from the report include:

  • Continued readily available insurance capacity for mining risks, with very limited exceptions, as new capacity continues to enter the market.
  • Tailings-dam exposures remain a focus for underwriters, and more technical insurers continue to request additional risk and operational information at renewal.
  • The drivers for reduced insured values are moderating, which may impact the sustainability of the level of rate decline.
  • The casualty marketplace continues to stabilize with more moderate declines in international markets and increases for some risks in certain regions, such as the US.

Read or download the full market update now.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.