If News - Property

  1. Drones in insurance field work

    26 April 2018
    If News 1/2018 Property. Drone technology has developed fast during the last decade. Possibilities to utilize drones in insurance related fieldwork is becoming more versatile and cost efficient as technology develops and becomes commercially available.
  2. Common ways to break your main equipment and how to avoid them

    11 May 2017
    If News 2/2017 Property. The lifeblood of any rotating machinery is the lubricating system. Steam and gas turbines in the power industry normally uses journal bearings that consist of a shaft that freely rotates, in a supporting metal sleeve, without rolling elements.
  3. To err is human, but what is a human factor?

    08 November 2016
    If News 6/2016 Property. In a recent study, some major losses in chemical, food and construction industries was investigated and the complex nature of accidents was, again, emphasized.​​​
  4. Put your roof to work in a safe manner

    20 June 2016
    If News 4/2016 Property. The ever-increasing focus on carbon dioxide emissions and on the limited natural resources that are available on our planet, makes companies look to reduce their dependencies on fossil fuels. The need for renewable energy sources, such as solar power, becomes increasingly apparent, and the way to convert sunlight into electrical current utilizing photovoltaic panels gets more and more common.
  5. When loss delays start-ups, insurance can help

    18 May 2015
    If News 4/2015 Property. 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.
  6. “Unlikely fires” occur when several factors collide

    11 December 2013
    Lessons from Losses 5/2013. Two large-scale conveyor fires have recently taken place in the Swedish pulp industry. The fires were substantially different in character and scope, but the lessons to be learnt from them are largely similar.
  7. How to prevent hydraulic oil fires

    09 April 2013
    Hydraulic oils are not generally considered a serious fire hazard, because they have high ignition temperatures. This amounts, however, to a false sense of security, since spraying hydraulic oil will burn just as fiercely as other hydrocarbons.
  8. Turbine failures

    09 December 2012
    If P&C has over the years been involved in many claims due to turbine failures. To show the complexity and effects of such failures we would like to show you a practical example of one of our turbine claims.
  9. Heavy precipitation, a risk to be considered

    09 September 2012
    Lessons from Losses 4/2012. A cloudburst in Copenhagen in July 2011 caused extensive damage in the area. Events like this are becoming more frequent, and while authorities may provide improved infrastructure to address the issue, your own preparation for an extreme rain event may prove valuable sooner than you may wish to know.
  10. Frost and water damage in buildings

    19 February 2012
    Lesson from Losses 1/2012. Water can be both a blessing and a curse. We are completely dependent upon it, whether for drinking, cooking, cleaning, production purposes in business, or quite simply the operation of buildings. Losing access to water can create great challenges for both businesses and private individuals. Cleaning up water damage can take time, and in the worst cases can involve mould, fungus, rot, and vermin in structures as a result of water damage if clean-up is not carried out quickly enough, or in the right way.
  11. Dependencies and Business Interruption

    23 August 2011
    Lessons from Losses 6/2011. Property Insurance indemnifies the effects of a physical damage on insured property. However, for a business to secure its long-term survival, Business Interruption Insurance is invaluable.
  12. Plan, maintain and test your back up power system

    18 April 2011
    Lessons from Losses 3/2011. The purpose of backup power systems is to safeguard power supply in the event of cuts or failures in the power supply network. Fortunately, power failures in Finland are not caused by earthquakes of magnitude 9.0, but by snow or storms, for example. Power cuts are common, and even short power failures can cause extended production stoppages, loss of profit and even hazardous circumstances, unless the company has a reliable backup power system.
  13. Sprinkler installations

    09 June 2010
    Lessons from losses 5/2010. Sprinklers are automatic extinguishing systems that are reliable and have a good damage-limitation effect on fire. When the sprinkler head opens, water is released. From a statistical point of view, this provides a high degree of functional reliability.
  14. Electrical safety

    26 May 2009
    Lessons from Losses 4/2009. For professionals, electrical safety usually means the prevention of electric shock and electric arc accidents. However, electrical fires cause more deaths. Last year in Finland, one person died in an electrical accident but several people were killed in electric fires. Of those killed by construction fires, 20% died in fires caused by electricity.