Understanding mining risks
Tailored risk transfer solutions for the mining industry
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Navigate mining’s unique risks with confidence: Our tailored solutions protect your business from construction to operation, including emerging threats like cyber and climate change.
Mining is a highly specialised industry and an important contributor to the energy transition. By providing vital commodities such as copper, cobalt, lithium and steel, mining fuels the supply chain of essentials from EV batteries and turbines to electrolyzers and much more. However, mining also harbours very specific risks at every stage, from construction to operation. To navigate these challenges, having a partner who understands the global complexities of the mining sector can make all the difference in managing and mitigating risks effectively.
Munich Re has a proven track record of supporting the mining industry in risk transfer and risk mitigation. With more than 20 years’ experience in underwriting mining business, our team of mining engineers and underwriting experts lead the market in understanding the challenges you face and can develop customised insurance solutions to protect your business – including risks such as cyber threats, climate change or supply chain disruptions.
Industries we serve
Our offerings
All commodities*, open pit, underground and mineral sands, along with associated processing plants, rail & port facilities, and plant & equipment.
“*subject to possible restrictions as outlined in our Combined non-financial statement”.
- Property damage
- Business interruption
- NatCat assessment
- Operational & construction solutions
- Bespoke mining coverages
- Additional specialist cover and services
- Loss control engineering
Why choose Munich Re?
Reliable long-term partnership
Global market knowledge
Claims handling
Financial strength
We offer direct capacity and sustainable coverage for long-term business stability.
As one of the leading insurance and financial risk transfer providers for the mining industry globally, we provide you with lead terms tailored to your specific requirements and geographical market.
In the event of a claim, prompt and fair resolution is our priority. With our in-house team of legal, engineering and claim consultants, we deliver efficient claims handling and a strong balance sheet for when you need us most.
Our financial strength is highly rated by the industry’s leading rating agencies: A.M Best A+ (superior), Fitch AA (very strong) and S&P Global Ratings AA- (very strong). We have a total net capacity of more than USD/EUR 30bn in exposures – offering comprehensive protection.
The mining industry plays a critical role in providing new technologies and products as well as the necessary materials for the production of clean energy technologies.
Get in touch
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