TECHNICAL RISKS

TECHNICAL RISKS

Updated on Jul 10, 2024

Technical Risks

As a well-known insurer of technical risks, MMA keeps abreast of technological and technical changes in order to anticipate the insurance needs of the market while adapting to new customer expectations.

This continuous improvement approach is based primarily on the regular acquisition of technical skills by our teams in order to strengthen their expertise in this field.

Target markets

Today, MMA is able to offer insurance solutions in various areas of Technical Risks to protect companies' production facilities:

  • Fleets of mobile machinery
  • Industrial equipment
  • Machinery and electronic equipment
  • IT equipment and related guarantees
  • Energy production plants

Solutions that can be applied both during the construction phase (All Risks Assembly and Testing) and the operating phase.

Technical risks
KEY FIGURES

  • MMA market shares 15 %
  • Premiums € 50 Millions
  • Underwriting 18 000 Contracts

Risks and innovations

To keep pace with changing customer risks, MMA is striving to offer an innovative range of products and services by developing specific Technical Risk insurance solutions, particularly for emerging technologies such as drones, cyber-risks, new energies and 3D printing.

Expert
opinion

  •  « Our risk selection approach is enabling us to gradually increase the size of our portfolio and provide the best possible support to brokers in a vast and diversified range of insurable risks.»

    Alexandre BIZOT Technical Risk Underwriting Manager

A specific warranty for every need

MOBILE MACHINERY AND EQUIPMENT

MMA offers warranties for companies that use machinery and mobile equipment for construction, lifting, handling or any other professional use, whether the equipment is owned, donated or leased.

ALL IT RISKS

Since IT is essential to any business, MMA insures customers' fixed or portable equipment while including additional warranties, such as data loss or additional operating costs.

FINANCIAL CONSEQUENCES OF DAMAGE

Every machine contributes to a company's results.

In the event of a loss leading to a production stoppage, MMA enables customers to ensure the continuity of their activities by covering operating losses, loss of revenue and additional operating costs.

POWER PLANTS

To best meet the insurance needs of operators, MMA offers comprehensive insurance solutions (all damage, financial loss, civil liability) specific to each type of production: hydroelectric, wind, photovoltaic and methanisation. 

ALL RISKS ASSEMBLY TESTING

MMA covers industrial installations or power plants against material damage from internal and external causes, on the site, during the work and during testing before acceptance.

All Risks Assembly and Testing insurance can also be taken out as part of an annual policy to cover the activities of a company specialising in the sale and/or installation of industrial equipment.

CYBER SECURITY

To take IT risk cover a step further and keep pace with changes in the sector, MMA covers the consequences of the unavailability of or an attack on an IT system, without any material damage to the system: crisis management, data loss and additional costs not resulting from material damage, notification costs, computer fraud and civil liability. 

OUR STRENGTHS

  • /

    The expertise of our teams and their close relationships: available and identified contacts who take care of both the underwriting and the management of your policies.

  • /

    The quality of claims management handled entirely in France, in particular serious bodily injury claims, where management is focused on the autonomy and reintegration of people.

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  • Compensation

    The life of a company is subject to many hazards, and a claim can have major financial and human repercussions for your customers. Rapid compensation and a smooth customer flow are essential elements of a lasting business relationship.

  • Cyber risks

    Data back-up, password management, employee training...: despite all the preventive measures adopted, there is no such thing as zero risk when it comes to IT security. There are several reasons for this: protection tools can be circumvented by threats that are constantly changing their face, new vulnerabilities appear every day and, lastly, the difficulty of updating IT equipment can leave it vulnerable. That's why it's a good idea to take out appropriate insurance to protect yourself in the event of an attack on your IS. 

  • Loss prevention

    Your customers' business activities are exposed to many hazards. These risks can have a significant impact on their business, leading to claims with major financial and/or human repercussions. In this context, our prevention experts can help you to meet your customers' legal obligations in terms of prevention, on the one hand, and to build prevention programmes tailored to their professional risks, on the other.