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WRAP finds ‘inconclusive evidence’ on rising insurance costs

WRAP’s Welsh arm has ended research into the escalating costs of insurance for waste companies after a survey produced what it says was inconclusive evidence.

MRW exclusive

The organisation carried out the study on behalf of the Welsh Government in August and September to assess the scale of the problem and if there was a need to intervene.

But its online survey was hampered by the small number of respondents providing information on their insurance costs, according to Susan Jay, WRAP Cymru business and markets manager.

She said: “While we were pleased with the number of responses from Welsh resource management companies the number of businesses which disclosed their insurance costs was low, and the evidence was inconclusive.”

Jay added that WRAP still believed there was a potential issue for the sector but does not have plans at this stage for further research.

The project was prompted by MRW reports of a rapid increase in insurance premiums resulting from a high number of fires at waste facilities in 2013.

In April, Catlin Insurance Company, a major underwriter for the waste industry, stopped quoting any new business from the sector, citing fires at recycling facilities as one of the main reasons for the pull-out.

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