Textile industry

Any textile manufacturer will benefit from RENOMIA as a partner. With RENOMIA insurance solutions, all risks associated with textile manufacturing will be under your control. 

Insuring risks inherent in textile manufacturing is a specialization in its own right. It is structured differently and requires a specific treatment of risk underwriting and management and, often, a different approach to settlement of large and complex claims.

In addition to conventional natural hazards insurance and liability insurance, a well-designed insurance programme treats risks from their potential source (prevention, elimination) to recovery. Configuring the insurance and its special terms ahead of time helps the party affected by a production downtime spring back to full operation in no time.  

Main risks associated with textile manufacturing: 

  • cheap imports from Asia
  • high investment intensity of the industry
  • relatively high dependence on suppliers

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