Few businesses can survive large, unexpected risks that damage plants, structures, machinery or other property, and lead to loss. For added protection, this product provides comprehensive all risks excess property insurance to large companies across multiple industries in Asia Pacific, covering exposures that’re generally low in frequency and high in severity.
Coverage Highlights
What it covers
- All risks coverage on a follow form basis (property damage and business interruption)
- Natural catastrophe covers
- Power generation, on-shore energy and mining covers
- Engineering Insurances (erection all risks/construction all risks/boiler and machinery)
Limits
- Maximum USD200 million limit per risk or local currency equivalent
- Critical catastrophe capacity may be more limited
Attachments
- Excess of loss only, normal minimum USD50 million or local currency equivalent
- Industry class, natural catastrophe exposure, size of risk and MFL/PML all determine the attachment point
Underwriting models
- Actuarial proven risk models
- Specialised catastrophe model - RMS / AIR
- Dedicated catastrophe modelling team
Benefits
- Large capacity to ensure programme stability
- Coverage terms available for up to 3 years
- Considers all industry classes except steel and off-shore energy
- Worldwide risks accepted (subject to licensing requirements and sanctions restrictions)
- Additional capacity to Chubb’s existing property operations in the region
- Local/regional knowledge backed by global capability
- Deep underwriting expertise in a broad range of industries
- Superior claims handling and administration
- A consultative approach to loss prevention and mitigation
- Tailor-made programmes backed by client-centric service
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Contact us to find out how we can help you get covered against potential risks