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    Survival of Industrial Insurance

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    At the Asia Specialty Risks Summit in Singapore on 25 June 2013, Mr Gregor Köhler, CEO & President of Pallas Versicherung AG, the insurance arm of Bayer Group, highlighted the insufficient risk transfer solutions in industrial insurance and warned that as the world’s major industries head towards a consolidation process, industrial insurers need to increase their existing capacities or risk going out of business. According to Mr Köhler, the insurance industry should be more proactive in creating new and innovative products to move non-insurable risks to insurable areas.

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