Use of Risk Analysis Techniques as a Tool to Improve the Negotiation of Insurance Policies

Although Dam failure is a rare event, it is associated with catastrophic impacts on communities, including loss of life. The National Policy on Dams Security (PNSB), enacted in 2010, lists as one of its objectives the promotion of a culture of dam safety and risk management. It also presents, as one of its instruments, the Dam Safety Plan (PSB). This plan includes in its contents the Emergency Action Plan (PAE), which guides decision making in emergency situations. However, there is a gap regarding the response time and reliability of the actions of the PAE that can be minimized through the use of risk analysis techniques.

Currently is being debated in the Brazilian Senate the law project nº 224/16, which modifies the PNSB and proposes, in its article 17, the assignment to the entrepreneur of the contracting of insurance or presentation of financial guarantee in the case of dams of high category of risk and potential damage. If approved, this new law will grant a term of 02 (two) years for the adequacy of the entrepreneurs to the insurers.

This paper assesses the future demands that will arise for insurance brokers, the adaptations that entrepreneurs must make in their processes of management and monitoring of dam safety, as well as describes how risk analysis techniques may be an important tool to enable better negotiation of insurance policies and better Emergency Action Plan.