Magazine: Food safety will be a key issue with insurance policies too

The credit crisis is a major concern for insurance companies because companies react to the lack of liquidity by cutting costs, therefore many companies reduced their insurance coverage and undertook bigger risks. Péter Arató, Allianz Hungária Zrt.’s corporate insurance director told our magazine that their answer to the credit crisis was trying to make it clear to partners how important right risk management is. The company’s partners are basically the same as before the crisis. Food industry is one of their key markets as together with agriculture, logistics and food retail it is one of the most important sectors of national economy. Food industry has similar needs as other production sectors. One field that is going to be special in the future risk management of food industry companies is food safety.