Airmic, the Association of Insurance and Risk Managers, has announced the creation of a railway industry special interest group.
Chaired by Malcolm Lambert of the London Underground, the group was created in response to the rising cost of insurance and risk financing in the industry, said Airmic.
It is open to any Airmic member involved in railways, including suppliers, contractors and other stakeholders.
Airmic said the group would look at how insurance programmes are structured and delivered and consider whether there are ways to reduce or circumvent the cost of conventional insurance.
It will also analyse a number of other issues with special relevance to the rail industry, including subrogation, business interruption and the Claims Allocation Handling Agreement.
