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Survey Report

Mining Risk Review 2019 - Addressing uncertainty


September 6, 2019

Our Mining Risk Review shows that the last 12 months have proved to be a difficult and challenging time, both for the mining industry and for those involved in the insurance and risk management industries.

Produced by our Natural Resources team in London with contributions from colleagues all over the world, Willis Towers Watson’s Mining Risk Review 2019 has been published in the aftermath of yet another tailings dam tragedy, at a time when the mining industry is already having to cope with an unfavourable press and an attitude to environmental concerns that often paints the industry in an unfavourable light.

The Review highlights four key areas of concern from an industry perspective:

  • Digitisation
  • Bottlenecks
  • Geopolitical risk and
  • Social Economic Development

These concerns are set against a backdrop of a more challenging insurance market, brought about as a result of a number of factors: a depleted premium income pool, an atrocious loss record, negative results for other parts of the heavy industry portfolio, the centralisation of underwriting authority and major insurer retrenchment.

Read the Mining Risk Review 2019 report

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