At the beginning of 2023, the global insurance industry was just emerging from one of the costliest years on record, driven by natural catastrophe losses. For specialty insurers in the mining sector, annual risk losses were further exacerbated by large-scale fires, machinery breakdown, and conveyor and structural collapse, and more — all leading to costly business interruptions.
As this year comes to a close, Marsh's latest Mining Market Update features market commentary from key mining hubs in-depth analysis of current global insurance market conditions and what to expect in 2024.
By downloading the report, you will gain knowledge and understanding of key mining risks and opportunities based on our experience supporting organizations like yours. Together with colleagues across Marsh McLennan, we can help you evolve your risk profile and build strategies across emerging risk areas, including geopolitics, the sustainability transition, and digitalization.
To continue the discussion, please reach out to your local Marsh team with any questions.