Recycling: what are the risks and how can they be managed?
The circular economy is booming. From scrap metal to complex electronics and car batteries: we’re recycling more than ever. At the same time, though, many insurers are struggling with the risks associated with recycling activities. The frequency of claims, unpredictability and perceived lack of control have made many insurers more reluctant to insure the sector. With the right analysis, preventive measures and guidance, insuring this sector is in fact possible – and worthwhile. General Manager Property Christel Kiebzak and Loss Prevention Consultant Sven Bormans of Vanbreda Risk & Benefits explain.