Conclusion

Within the framework of loss prevention, insurers and reinsurers have long been analysing the quality of risks and options for improving the quality of the portfolio. Loss prevention thus has a direct impact on the prices, terms, and conditions in the sense of risk-adequate rating and is the basis for profitable business.

If we compare property damage and personal injury, we find that property loss prevention measures can make a substantial contribution to reducing personal injury risks.

Considering fire risks in the context of holistic risk management will in the future not only mean devising fire protection and loss prevention plans but also incorporating personal injury aspects too. If the risk observations contain qualitative, quantitative, and economic elements, the traditional steps of risk management (analysis, assessment, reduction, prevention) can be taken on a sound basis to find an insurance solution that is commensurate with the risk.

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