Prevention of industrial risks at a standstill

Fire insurance accounts for 60% to 70% of insurance expenses for industrial companies. This finding pushed the inter-ministerial commission for risk prevention and safety of industrial sites to gather insurers in order to debate and address the protection of productive capital. This initiative is designed to encourage companies to develop their risk protection in order to obtain reasonably-priced covers. No mechanism has been put in place in order to involve the insurers and the insured in this process on a long-term basis. Only some individual actions exist. Industrial risks accounts for one third of the insurance market turnover.