Food & Drinks

Food production, logistics and distribution industry is the basis of food protection for any society. Despite any crisis , either political, economic or pandemic, enterprises in this industry at the end of the day play quite important role everywhere.

Understanding Your Risks

GrECo are aimed to offer enhanced and innovative risk management tools for the Food industry, including compelling insurance services, thanks to local and global expertise in food processing, logistics and trade.

We take care of more financial resilience of our clients, which helps them eventually to produce and deliver enough quantity and quality of food products.

Our clients in food industry are:

Meat and egg producers;
Flour mills and bakeries;
Animal feed manufacturers;
Vegetable oil crushing plants;
Distillers and breweries;
Juice, jams and canning plants;
Frozen foods;
The other raw crops processors;
Dairy plants;
Wholesale food traders and warehouses;
Grocery stores and restaurants;
Food equipment producers;
Manufacturers of package for food industry.

What do we offer do our clients in Food industry?

Innovative Insurance Solutions;
Support of International Operations;
Professional Advice and Assistance;
New Risk Challenges of Nowadays;
The Convinient Way to Take out Insurance;
Alternative Risk Management Solutions.

Providing Tailored Solutions

The peculiarity of food industry is that it consumes much more variety of insurance lines as any other segment of economy. The most popular insurance solutions as follow:

Products & General Liability;
Product Contamination & Product Recall;
Property and motor insurance products customized for Food industry;
Cargo insurance;
Health & Benefits;
Political & Credit Risks;
Financial lines (D&O, cyber, crime, M&A);
Parametric insurance policies aimed to protect against decrease of consumption due to cold sales season and against lack of quantity or quality of raw materials;
Insurance programs aimed to improve relations between a food processor and suppliers of raw materials.

As the counter action against escalating impact of climate change, spread of epizootic diseases and new impact of human pandemic risks GrECo Group start offering new risk management programs to protect the customers from unexpected disruption of their activities:

Supply-chain risks identification and quantification;
Bio-security audits of suppliers;
Business continuity plans;
Risk engineering services;
Weather impact analysis with further bespoke solutions in non-property damage and contingency business interruption insurance;
Automatic scoring and monitoring of raw material suppliers’ reliability.

Creating Added Value

Our holistic risk mapping approach helps our clients in Food industry:

to realize full variety of risks, attributable nowadays in their industries;
determine the most appropriate risk management strategy;
fill in existing gaps in insurance coverage;
stay financially stable at the bottom line.

What Our Clients Say

“GrECo seemed to have all the
right tools of the trade. The financial and structural optimisation of our insurance programmes and the local support from both Innsbruck and Landeck really convinced
me.

Karl Christian Handl

Managing Director at Handl Tyrol

Maksym Shylov

Group Practice Leader
Food & Agriculture

T +48 22 39 33 211

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Understanding Your Risks

Providing Tailored Solutions