Risk management and insurance for the power sector

This is the topic of a Seminar co-hosted by Vietnam Electricity (EVN) and Marsh Insurance Broking Company (USA) on April 18th, 2017 in Hanoi. The Seminar was chaired by EVN’s Vice President Dinh Quang Tri.

 

Representative of Marsh Vietnam Ltd. spoke at the Seminar

At the Seminar, March shared their knowledge and experiences on losses and risks frequently met in the power sector, ways and methods to manage and prevent such risks.

In this regard, insurance is a type of risk management, protecting enterprises from financial losses. As for the power sector, insurance coverage to protect from risks is critical since with such a large asset quantity, although the frequency of loss occurrence is low, damage scale when failures happen is very large (for example losses due to natural disasters; machinery failures, etc.).

Mr. Dinh Quang Tri – EVN’s Vice President said that at present EVN procures insurance policies for fire and explosion protection in line with Circular No. 220/2010/TT-BCT issued by the Ministry of Finance. EVN implements self-insurance for other risks.


  • 18/04/2017 03:58
  • evn.com.vn