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Horiens

Concessions and Public-Private Partnerships (PPPs or P3s)

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  3. Concessions and Public-Private Partnerships (PPPs or P3s)

Management of public concessions and participation in public-private partnerships (PPPs) require complex and comprehensive risk and insurance programs. In recent years, we have helped companies operating in this market, proposing customized solutions based on an in-depth analysis of the specific characteristics of each project.

The work begins in the stage of project study and bidding and relies on the technical analysis of risks and potential losses. Horiens experts support clients in negotiating premises and clauses of Notices and Concession Agreements, seeking a sustainable risk allocation among stakeholders. In addition to meeting all the requirements of the Granting Power, Horiens works to design customized coverage, with the objective of effectively transferring the risks to the insurance market.

In cases where the Concession or PPP is conceived in a Project Finance framework, we support the negotiation and contracting of the Insurance and Guarantees package with Insurance Advisors from funders and investors.

Our expertise includes large projects and operations in Brazil and abroad for the highways, metropolitan trains, subways, airports, ports and sanitation sectors.

Engineering Risks (All Risks and ALOP)

Coverage for damages caused by insurable events (external causes and/or implementation and design error) while carrying out engineering, installation and assembly works and services, extending to financial losses resulting from delays in the commercial startup due to material damage (ALOP).

Construction General Liability

Coverage for material, bodily, moral and aesthetic damages caused to third parties and employees in insurable events arising from the work.

Operating Risks (Material Damages and Loss of Profits)

Coverage for material damages caused to property by insurable events, with extension of coverage for loss of revenue due to material damages covered by the policy.

Civil Liability

Coverage for damages (material, physical, moral and aesthetic) caused to third parties and employees due to insurable events resulting from the operation.

Port Operator

Coverage of port duties, involving material and third-party damages arising from insurable accidents in the operation.

Bid Bond Insurance

Guarantee to submit the proposal/bid.

Performance Bond

Guarantee of compliance with the concession agreement.

Other coverages and applicable products:

  • Civil Liability (Cyber Risks, Environmental, E&O, D&O, P&I, Carrier, Events)
  • Mergers & Acquisitions (M&A)
  • Guarantee (Contract performance, Advance Payment, Judicial, Payment, Completion)
  • Domestic & International Transportation
  • Delay in Start-up Coverage (DSU)
  • Parametric
  • Terrorism
  • Archaeological findings
  • Aviation
  • Equipment
  • Vehicle Fleet
  • People (Health, Life, Travel, Worker’s Compensation and 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 the optimization of the health insurance portfolio

Data science and technology for the optimization of the health insurance portfolio

Client:

Companies of the Odebrecht Group.

The challenge:

Health insurance pricing is a complex challenge that involves a number of risks for companies. What can we do to improve the relationship between risk and return? This was the central theme of the solution developed by Horiens considering policies with 80 thousand policyholders and a scenario in which Health Insurance represents around 20% of the companies' payroll.

Our solution?

Using statistical models and technology applied to data from the health portfolio, we build models of frequency of insurance use as well as severity linked to use. Predictive analytics. It allowed the implementation of improvements and providing more information to the negotiation and generating value for the client.
Monetization of complex claims in the urban transport sector

Monetization of complex claims in the urban transport sector

Client:

Mass urban transport concessionaire with 600 thousand passengers / day

The challenge:

Monetize the high value of liabilities in claims related to damages to third parties not recovered under the previous management. The problem referred to the lack of supporting documentation and the imminence of prescription of a large part of the cases.

Our solution?

The first step was the mapping of liabilities, from documentary searches to statistical studies based on judicial data. Thus, our solution considered the construction of prospective models related to ongoing processes and purchase agreements with insurers and reinsurers. The process was successful and had a large cash impact for the dealership with the monetization of approximately 80% of the value of the liabilities.
Expansion of the coverage of the infrastructure sector

Expansion of the coverage of the infrastructure sector

Client:

Engineering and construction companies

The challenge:

More than a decade ago, in 2007, the end of the reinsurance monopoly in Brazil opened up new perspectives in the country. However, at the same time, it brought with it a complex challenge: coverage of the Brazilian insurance market was much more restricted than that of the international market.

Our solution?

With extensive technical knowledge in engineering and construction and in the risk and insurance market, we prioritize a proactive approach and an individualized vision of each project and client, ensuring the maximization of opportunities and the mitigation of risks. We have acted consistently by proposing broader clauses, in line with international best practices, resulting in a new level of coverage for the infrastructure sector.

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