2025年全球采矿行业保险市场更新报告

Contents Introduction...................................................1 Domestic insurance markets...................13 International insurance markets...............5 Africa....................................................................................13Asia.......................................................................................14Latin America.....................................................................15North America (US and Canada)......................................15Pacific...................................................................................17 Property................................................................................5Casualty.................................................................................6Directors and officers liability............................................7Political risk...........................................................................7Strikes, riots, and civil commotion....................................8Specie.....................................................................................8Cyber......................................................................................9Cargo......................................................................................9Construction (contract works).........................................10Reclamation bonds............................................................10Special risks........................................................................11 Summary: Client considerations............18 Solutions.......................................................19 Introduction The global mining industry continues tobe presented with emerging opportunitiesthat must be balanced with evolving marketdynamics and persistent challenges. As industries and economies advance, mining remains central to global energyand digital transitions, driven by strong commodity demand for critical minerals.This robust demand has fueled industrial activity and commodity prices,supporting mergers and acquisitions as companies seek to secure value chains.However, growth has been tempered by supply chain disruptions, inflation,geopolitical uncertainty, and other operational challenges that have extendedloss durations and increased replacement costs. Global mining insurancedevelopments The mining insurance market has adapted to this demand with ample capacity,generally lower rates, and more favorable terms in early 2025. These conditionswere supported by international insurers filling domestic gaps as well as theexpansion of local markets. However, despite strong domestic markets, theLondon market continued to add value for many clients with complex claimshistories and/or seeking innovative coverage. For mining companies, underwriters continued to require rigorous riskengineering reports, focusing on tailings dam safety, recent property valuations,and business interruption exposures that reflect the financial impact ofcommodity price volatility. Crafting sustainabilityand supply chainstrategies With precious metals — especially gold — hittinghistoric highs amid ongoing global uncertainty,the conversation around mining risk and insurancedesign continued to evolve. These market dynamicsunderscore the critical importance of reviewinginsurance programs — particularly property andbullion coverage — for commodity price caps,volatility clauses, and limits. Companies revisitingtheir business interruption values should considernot only projected future commodity prices andproduction numbers, but also the cost assumptionsaround the fixed and variable cost elementsof the calculation. Aligning coverage structures with today’s complexoperating environment is essential to sustainingresilience and financial stability across the sector. In the past year, international casualty rates havedecreased by up to 5%, despite several major miningcollapses. The directors and officers (D&O) liabilitymarket generally showed rate decreases and offeredbroader coverage to companies demonstratingsustainable mining practices. In general,environmental claims and regulatory investigationsremained key concerns for insurers. Sustainability-linked finance and evolving insuranceconsiderations continued to drive operationalefficiencies and carbon reduction strategies in2025, making transparency and accountabilityimpactful for underwriting decisions. Miningcompanies are expected to actively pursue carbonreduction strategies and align with investorpriorities and regulatory trends. The industry facesgrowing scrutiny from investors, governments,regulators, customers, and communities,although emerging global standards should helppromote responsible practices. “Looking ahead, transparent risk profilesand strong sustainability credentials willbe important when seeking favorableinsurance terms.” Diversification remains a key growth themeas mining demands evolve alongside climatetransition innovations in ren