New Product Talk – A Hybrid Marine and Engineering Solution

New Product Introduction

Engineering: A Hybrid Marine and Engineering Solution from Munich Re Syndicate Asia Pacific.

The objective of this event is to introduce the risk solution by Munich Re Syndicate. It combines CAR and Marine cover. 

Product Features: 4 Main Coverages

• Contractors and Erection All Risk
• Contractors Plant & Equipment
• Specialist Plant and Equipment
• Worldwide Machinery Installation

Risk Examples:

• Bespoke solutions for specialist film and TV units and outside broadcasting equipment across the world
• Tailored products for international events such as motor racing, sports, concerts, exhibitions and festivals, including temporary power and lighting, staging, catering and crowd control
• Complete turnkey packages for those who buy, move and install equipment, ranging from the aerospace industry to car manufacturing and brewing & bottling to textiles
• Specialist transit and installation covers for mobile hospitals and MRI scanners
• Competitive policies for ancillary trades such as electricians, plumbers, joiners, roofers and tilers, painters and decorators

Key Product Differences:

• Hybrid integrated product which combines international marine risk (transit and storage) with engineering risks;
• Ability to underwrite engineering risk in respect of events, exhibitions and temporary installations;
• Underwrite a broad spectrum of specialist equipment;
• Cover for unique risks and across a broad range of industries;
• Ability to consider offshore engineering risk including specialist offshore equipment;