Willis Natural Resources

Excavating value in a soft market. Rates are down, coverage is broadening, and capacity is strong. But risk leaders must stay sharp. The property damage and business interruption (PDBI) insurance market for mining has softened in the past 12 months. Capacity for any one mining risk is around $1.5 billion. Due to the volatile nature of losses in the industry, mining risks have historically come with healthy premiums for insurers, making the sector an attractive for insurers chasing top-line growth.