Insurance

Appeared on the market a new product in the insurance of project cargo — MDSU (Marine Delay in Startup)

Insurance

Allianz wavelan market a new solution to cover fixed charges in connection with the delayed start-up of the facility as a result of loss when shipping.

MDSU (Marine Delay in Startup) is a classic extension of the General policy of cargo insurance which allows coverage of costs associated with the delayed commissioning of the facility in connection with the death, destruction or damage to insured cargo during transportation.

This coating is claimed in the provision of insurance coverage of major construction and investment projects, the implementation of which involves the use of complex and expensive processing equipment.

As the integrated approach to project and risk assessment on key pieces of equipment needed to enable this section to the contract of cargo insurance, absolute advantage for customers is the ability to use the global practical experience of the Allianz group and the support of the best experts and risk engineers division of Allianz Risk Consulting as in the preparation of this agreement and during the period of its validity in the course of inspections of shipments of key equipment.

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Insurance rate risk MDSU comparable to the tariff for cargo insurance, but the premium is calculated from turnover and limit of indemnity for this section, which is determined based on a financial model of a specific project.

For investment projects in emerging markets an integrated approach to the assessment and logistics insurance risk is the exception rather than the norm, say in the Allianz group. But the market is developing, and following the Western banks, for which such an approach to the insurance of investment projects is not just the norm but essential tool to ensure financial stability, transformirovalsya the insurance market. This is the right vector of development, given the geography of major projects, the quality of transport infrastructure and climatic constraints on the possible terms of delivery to remote regions.