Historical Loss Experiences in the Global Power Industry
While it is not possible to include in this report all losses that have taken place since 1973, the list comprises a sample of some of the most significant types of events.
At Marsh, our claims management and power industry experience enables us to present an accurate description of the types of events that commonly lead to insurance claims. To compile this study, we used data and an analysis of global trends that many power clients will already be acquainted with.
The purpose of this document is to provide commentary on the world of power generation, the risks affecting that industry, and the importance of effective risk management in preventing or mitigating these risks.
The report is divided into two parts:
- Part one provides a brief overview of some of the key technologies being used in power generation, including details of some areas that are either emergent or in the research-and-development stage at the time of writing.
- Part two features a narrative description of some of the historical loss experiences that have affected the power generation industry in recent years.
It may be helpful to review this document along with the following recent Marsh Risk Management Research briefings on power generation:
- The Impact of Large Losses in the Global Power Industry.
- Common Causes of Large Losses in the Global Power Industry.
We trust that you will find this document both illuminating and helpful as you consider the risks your own organization faces.