Insurers call for greater investment from the Executive in the insurance segment for the mining sector.

Company bosses argue that the Angolan Government invests little in the mining sector, in terms of insurance. Of the companies operating in the sector, only giants such as Catoca, De Beerse Alrosa are more committed.

“The national mining sector is not as insured as the oil sector”, considered this, the PCA of Unisaúde Seguros, José Aguiar.

When speaking during the III Insurance and Mining Forum, the chairman of the board of directors of Unisaúde Seguros, declared that there is little involvement on the part of the largest operator in the sector (State) in ensuring mining activity in the country.

“If the State is the largest operator or owner of mines in the country, then it must create essential tools to mitigate the financial impacts resulting from the mining industry” highlighted the person in charge.

To Kieto Economia, José Aguiar said that his company, in particular, has provided little services to the mining sector, if not the oil sector, this means that there is no marriage between the sector and the insurance companies.

Multinationals, in turn, insure their companies and professionals, as they bring with them or request all the tools, from insurance services, advice, consultancy, safety equipment in the workplace, among others.

However, there is a lack of commitment on the part of the regulator, which has left medium-small companies in compliance, and not ensuring their companies, professionals or partners. The regulator does not monitor or supervise the sector's activity after licensing companies.

Insurers call for greater investment from the Executive in the insurance segment for the mining sector

Company bosses argue that the Angolan Government invests little in the mining sector, in terms of insurance. Of the companies operating in the sector, only giants such as Catoca, De Beerse Alrosa are more committed.

Jun 27, 2024 - 15:10
Insurers call for greater investment from the Executive in the insurance segment for the mining sector
© Photography by: DR
Insurers call for greater investment from the Executive in the insurance segment for the mining sector

“The national mining sector is not as insured as the oil sector”, considered this, the PCA of Unisaúde Seguros, José Aguiar.

When speaking during the III Insurance and Mining Forum, the chairman of the board of directors of Unisaúde Seguros, declared that there is little involvement on the part of the largest operator in the sector (State) in ensuring mining activity in the country.

“If the State is the largest operator or owner of mines in the country, then it must create essential tools to mitigate the financial impacts resulting from the mining industry” highlighted the person in charge.

To Kieto Economia, José Aguiar said that his company, in particular, has provided little services to the mining sector, if not the oil sector, this means that there is no marriage between the sector and the insurance companies.

Multinationals, in turn, insure their companies and professionals, as they bring with them or request all the tools, from insurance services, advice, consultancy, safety equipment in the workplace, among others.

However, there is a lack of commitment on the part of the regulator, which has left medium-small companies in compliance, and not ensuring their companies, professionals or partners. The regulator does not monitor or supervise the sector's activity after licensing companies.