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Insights
Understanding recourse in insurance claims
When an insurance claim is filed, the financial outcome often remains uncertain until the possibility of recovering compensation from a responsible third party has been fully evaluated. This action, known as the recourse process, is essential for both insurer and customer, as it can significantly influence the total cost of the claim. An insurer plays a crucial role here, ensuring that the customer receives not only compensation but also strategic support in maximising recovery.
Kristian Orispää, If 30/07/2026 -
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Insights
Oil-filled transformers at risk
Oil-filled transformers are critical assets, but corrosive sulphur compounds in insulating oil can turn them into a costly source of operational and business interruption risk. The issue is not only technical failure but also the wider impact on production continuity, replacement lead times and total loss exposure. This article explains how copper corrosion develops, why early detection matters and which preventive actions can help reduce the risk of severe transformer damage.
Kristian Orispää, If 20/05/2026 -
Insights
Rising natural catastrophes
The 2025 loss year confirmed what the insurance industry has already been experiencing for several years. Natural catastrophes are no longer rare and exceptional, but they have become persistent, high-severity events that shape the operating environment for societies, businesses, and insurers.
Vilma Torkko, If 20/05/2026 -
Insights
Fluorescent lighting poses significant fire risks
Approximately one in three building fires are believed to originate from electrical issues, often caused by faulty or overloaded installations or connections. Lighting is a common factor, yet it’s rarely inspected during routine property maintenance. Without considering fire safety during lighting upgrades, the risk of electrical fires can increase significantly.
Laura Hyytiäinen, If 16/02/2026