Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
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Insurance will remain in place<br />
• Insurance against property<br />
damage <strong>and</strong> business interruption<br />
will remain intact<br />
• Stack up of insurance:<br />
– deductible<br />
– captive<br />
– external<br />
• Claims in excess of premiums<br />
paid over past years<br />
• Recent incident will lead to modest<br />
increase in premiums between<br />
10%-20% for over the next 3 to 5<br />
years<br />
• No increase in deductible<br />
expected<br />
Deductible details<br />
Vdbp + New Saldanha Other<br />
75<br />
45 45<br />
20<br />
20<br />
25 30 10<br />
10<br />
2011 2012 2011<br />
Premium <strong>and</strong> claims (Rm)<br />
Premium paid<br />
Claims paid<br />
Operational deductible<br />
Captive deductible<br />
30<br />
20 20<br />
20<br />
15 15<br />
10 5 5<br />
2012 2011 2012<br />
489<br />
433<br />
144<br />
216<br />
144<br />
127<br />
151 132 128<br />
72 82 93<br />
0<br />
0<br />
2006<br />
2007 2008 2009 2010 2011 2012<br />
12
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