Grumese attacks industrial insurance in the mould sector

  • ECO Insurance
  • 28 July 2023
At a time when insurers have little appetite for industrial risks, Grumese has established a protocol with the association of mould manufacturers and is mobilising four companies to insure.

The insurance intermediary Grumese has established an agreement with CEFAMOL - National Association of the Mould Industry and will boost relations with its 170 members by offering personalised claims handling, legal support and specialised Risk Management consultancy for the Moulds sector.

José Monteiro: “We need to provide industrial companies with multi-risk insurance that covers a broad base and allows for the inclusion of specific guarantees.”.

The initiative seems to have come at the right time. David Pereira, president of APROSE, the association of brokers and intermediaries, said in his recent speech at the 2nd National Insurance Forum that the acceptance of industrial risks by insurers is going through a difficult time.

“In a sector like the moulds industry, which is very competitive and demanding, we constantly introduce technology to support gains in competitiveness, it is necessary to provide companies with multi-risk insurance that has a broad base coverage and makes it possible to include specific guarantees for Machinery Breakdown and Electrical Risks, as well as guarantees for Fixed Expenses or Operating Losses. that result from the occurrence of an accident, enabling the affected companies to quickly resume normal operations,” explains José Monteiro, managing director of Grumese.

The most relevant insurance classes in this protocol are Accidents at Work, Industrial Multi-Risk, Motor Insurance, Civil Liability and Cyber Risk and Grumese is going to look for partnerships with insurance companies for these coverages UNA, Ageas, Mapfre and Allianz.

Grumese attacks industrial insurance in the mould sector

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