Conference Proceedings Paper
NUCLEAR FACILITY HIGH PERFORMANCE AND LOW NUCLEAR INSURANCE RISK - COMMON OBJECTIVES
11th International Conference on CANDU® Maintenance and Nuclear Components - 2017 Oct. 01-04
J. Plourde (Nuclear Insurance Association of Canada)
It just so happens that achieving world-class performance in a nuclear facility also reduces the risks that are of concern to insurers who underwrite nuclear liability and nuclear peril. Our objectives being the same, insurance inspections of the past have now become ‘surveys’ that are far more collaborative in nature. These surveys are performed by engineers and specialists with significant experience in the Canadian nuclear industry. Survey outcomes play a major role in determining insurability and establishing premiums. The Nuclear Insurance Association of Canada (NIAC), the Canadian nuclear insurance pool, boasts a team of three surveyors with more than 120 years of nuclear power plant experience. Their surveys touch on all aspects of a nuclear facility’s operation as defined by international guidelines that have been written by surveyors from insurance pools around the world including Canada, and incorporate industry best practices. Nuclear liability insurance is concerned with the risk to the public from reactor operation, while nuclear peril insurance is concerned with casualties and equipment damage from radioactivity arising from a facility’s operation. The survey guidelines are therefore aligned to best address these risks: • Nuclear Safety, Operations and Third-Party Liability (NSO-TPL); • Fire Safety (FP), in support of NSO-TPL; • Machinery Breakdown Prevention (MB), in support of NSO-TPL); and • Nuclear Safety Culture, in support of all of the above. Fire and Machinery Breakdown have been the focus of the conventional insurance industry for well over a century. In the nuclear context, they continue to be significant contributors to a much broader scope that includes such themes as organizational effectiveness, training, emergency preparedness, radiation protection, to name but a few. This presentation will walk you through a typical survey cycle, focusing on survey methodology and the interface with the facility operator.
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