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Tightening The Risk Management On Buildings
In the recent past, we have witnessed quite a few incidents of large fires in buildings across the UAE. As a result, the insurers and the re-insurers have tightened their underwriting by  Increasing property insurance premium rates and imposing restrictive conditions in the insurance policies. The focus has shifted to proper risk management with respect to identifiable hazards in building construction and housekeeping. One of the major fire hazards that have been identified is the external panels (ACP Panels) of buildings containing combustible materials. This is commonly referred to as “Cladding”. The panels commonly contain a polyethylene core as the insulation material. These panels can easily ignite and the fire can ...

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