MATTHEW GOODA Global Mining Practice Leader , Marsh

the insurance market to accept a general growth in risk exposure for the first time in five years ,” said Global Mining Practice Leader , Matthew Gooda . Insurers , says the report , will also closely scrutinise areas such as impoundments and tailings facilities , cyber security liability and the rising risk of terrorism cover .

The nature of modern mining operations means that companies typically face some of the most remote and inhospitable locations in the world , making them far more susceptible to risk . That risk can extend from the sheer difficulty of operating a stretched and disparate supply chain or the distance from urban centres , and thus medical aid and so forth , through to dangers such as political instability or the risk of kidnap .

“ Remote environments increase the risk of things like kidnap and ransomrelated events in particular , which

76 June 2018