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Horiens

Chemicals & Petrochemicals

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Horiens has solid experience in structuring and managing global risk and insurance programs for the chemical and petrochemical industry.

With complex and sophisticated operations in a considerably dynamic market, the chemical and petrochemical industry is exposed to diverse high-impact risks. Our global risk and insurance solutions to cover people, liabilities, the environment, assets in operations, project/construction transportation (logistics) as well as operations with captive insurance/reinsurance companies and structuring of insurance programs for Project Financed-projects.

This specialized market knowledge, attained with over more than 20 years of experience in this sector, together with a long-standing relationship with the main insurance and reinsurance players, uniquely qualify us to identify, analyze, and transfer risks found in this segment.

Classification of risk profiles (Loss Control)

Consultative mapping of points of attention carried out in operations for analysis and recommendations of improvements for risk rating and mitigation of material and financial losses.

Customized solutions and insurance policies

Structuring of risk and insurance programs based on specialized knowledge of the market.

Other coverages and applicable products:

  • Operating Risks - Material Damages and Loss of Profits;
  • People (Health, Life, Travel, Worker’s Compensation and others);
  • General, Product and Construction Work Liabilities;
  • Directors and Officers Liability “D&O”;
  • Export and Domestic Credit;
  • Domestic & International Transportation
  • Carrier's General Liability;
  • Delay in Start-Up Coverage (DSU)
  • General Shipowner Liability “P&I”;
  • Engineering Risks – Civil Works under Construction, Installation and Assembly and Machinery Breakdown (MBD), including Advanced Loss of Profit (ALOP);
  • Surety (Judicial, Payment)
  • Terrorism
  • Aviation
  • Vehicle Fleet

Cyber Risks (Cyber Insurance)

Cyber Insurance provides protection against damages to third parties and to the insured party itself, arising from cyber breaches and attacks. Indemnities include coverages related to business interruption, asset and data recovery, privacy breach, extortion, defense and conviction, and regulatory process sanctions and penalties (LGPD/GDPR), among others.

Learn about our expertise in diverse industrial segments.

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Successful cases

PrevSeguro: innovation in the personal insurance market

PrevSeguro: innovation in the personal insurance market

Client:

Companies sponsoring the Vexty Pension Plan

The challenge:

Propose ways to expand adherence to the Vexty Complementary Pension Plan and, at the same time, offer an increasingly differentiated benefit to employees.

Our solution?

We create a new product on the market, in collaboration with SulAmérica and Vexty. This is PrevSeguro, an innovative and free life insurance benefit for all beneficiaries of the Vexty Plan. The insurance guarantees, in the event of death or disability before the age of 65, the amount necessary to supplement the pension reserve that the member would form upon reaching that age.
BUSQ Seguros: an unprecedented self-service that guarantees the best cost-benefit ratio in personal insurance

BUSQ Seguros: an unprecedented self-service that guarantees the best cost-benefit ratio in personal insurance

Client:

Members of the Novonor Group

The challenge:

The personal insurance offer in the market depends on the broker's agenda, something that often ends up making it difficult to contract. Faced with this scenario, the challenge was to create an innovative product that combines advantages such as autonomy, competitive cost and agility.

Our solution?

We have developed a 100% digital platform for the quotation, contracting and management of policies by the end customers themselves (members of the companies and their families). The platform, launched in 2019, works as a self-service, with simple and intuitive navigation and the security of obtaining the best cost-benefit ratio for those who hire. The project was developed through partnerships with the main players in the insurance market and had the objective of bringing the news of this market, promoting its evolution.
Data science and technology for health insurance portfolio optimization

Data science and technology for health insurance portfolio optimization

Client:

Novonor Group Companies

The challenge:

Pricing health insurance is a complex challenge and involves a number of risks for companies. What can we do to improve the relationship between risk and return? This was the central issue of the solution developed by Horiens considering policies with 80 thousand insured members and a scenario in which Health Insurance represents about 20% of the companies’ payroll.

Our solution?

Using statistical modeling and technology applied to proprietary health portfolio data, we build models of the frequency of insurance usage as well as the severity tied to usage. Predictive analysis allowed the implementation of improvements and bringing more information to the negotiation and generating value for the customer.
Differentiated performance in the chemical and petrochemical sector

Differentiated performance in the chemical and petrochemical sector

Client:

Leading company in the production of thermoplastic resins in the Americas

The challenge:

Considering aspects such as the scenario of the alternation of cycles in the international market of chemical and petrochemical products and the consequent volatility of the insurance and reinsurance capacity, the search for alternatives to expand the lines of protection and competitive cost for the Risk transfer are key elements in the client's business strategy.

Our solution?

Modeling of the global structure of the client's risk and insurance program, allowing the association of the company with the mutual insurance / reinsurance company OIL Insurance Ltda. (OIL), with perception and validation of the expected benefits and competitive response of the commercial market . The project, implemented in 2018, made the company the first in Latin America to partner with OIL.

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