Be prepared for the risks of projects

Projects have the goals of achieving desired results within a defined time framework and scope with budgeted allocated resources.

Projects can be defined according to their nature; a replacement investment, a capacity increase investment or a totally new investment.

Naturally, a project is regarded as being successful when the project is delivered according to the initial planning goals. However, there is always the potential that something adverse can occur.

The exposure to unexpected risks and their impact on a business or service are normally assignable to an insurer utilizing a Project Insurance which covers the investor's project and any ensuring financial losses resulting from a damage.

  • Why trusted partnerships are valuable

    If P&C Insurance has a relationship with Essity that goes back several decades, as an insurer, reinsurer of the Essity captive and as a risk management service provider. If's Risk Engineers were actively involved in the planning and delivery stages of the Kostheim plant project.

    Read about collaborating to manage risks in a project
  • men working at metro construction site.

    Delivering the 'Cityringen' project

    The ‘Cityringen’ project in Copenhagen was completed with the opening of the new M3 Cityringen line in September of 2019. The biggest infrastructure project in Copenhagen since the 17th century,

    Learn about challenges in the project
  • wind mill construction site

    Enabling renewable energy projects

    The rise of renewables is one of the biggest changes in the global energy supply. With increasing awareness on the negative impact of fossil fuels, the focus is on the transition to renewable energy. The Nordic region has a long history in renewable energy.

    Take a look at the risks in offshore projects
  • big contstructions site office building and crane.

    Protecting your project from start-up delays

    When does a project need Delay in Start-Up (DSU) cover? Are you prepared for unexpected delays in your project? Learn how you can protect your project and ensure that DSU risks are properly managed throughout the project.

    Read about DSU, Delay in Start-Up insurance
  • unfinished office building construction site.

    When the work stops

    Although many CAR/EAR projects are delivered smoothly, construction projects can face delays and unforeseen challenges that impact construction or erection works. Standstills and the temporary suspension of work on any project can lead to serious losses.

    See top tips to avoid losses in CAR/EAR projects
  • plastic packages for food.

    Wihuri Group minimises fire risks at the planning stage

    The packaging business of the Wihuri Group is one of the world’s leading producers of packaging materials for the food and medical supply industries. Managing fire risks will give an important competitive edge.

    Learn about taking safety aspects into account
  • block of flats.

    A look into 2020 with Skanska

    Karl-Johan Rodert, Insurance Manager at Skanska provides insights into the opportunities
    and challenges the construction industry faces today, and what lies ahead for 2020. What are the key trends? Opportunities and challenges?

    Read about trends in construction industries

Let's go underground

The Metro is an important part of the urban mass transport system in Copenhagen. The new extension 'Cityringen' is under construction and adds new routes.

Several risk management challenges have to be dealt with on a daily basis in order to
keep disruption to a minimum.

At an estimated cost of 2.95 billion EUR, connecting 17 new stations and measuring 15 km, the construction of Cityringen is the biggest infrastructure project in Copenhagen since the 17th century. Read the article

When loss delays start-ups, insurance can help

The principal can cover him or herself against a loss in several ways. Principals can be careful when choosing contractors and suppliers to realize the project. They can require all parties of the project to ensure a high level of risk management during the project phases.

​The principal can also take out insurance against physical losses during the project phase to ensure his or her profit starts to flow as planned in the specification stage of the project. This insurance is called Delay in Start-Up. Read the article

Minimising risk at planning stage

If's risk engineers give credit to Wipak for the opportunity of being involved in the plant planning process from the very beginning. The installation of piping and fire detectors as well as the division of the production premises into fire compartments is easier in planning stage. Read the article