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Liberty Videocon announces Thermography inspection technique for its Commercial Insurance Business Clients

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Mumbai (Nov. 20, 2014): Liberty Videocon General Insurance Company Limited (www.libertyvideocon.com) announced the launch of Infrared thermography risk assessment for its Commercial Insurance Business Clients dealing in electrical equipment, production machinery and fired equipment such as boilers and furnaces.

Mr. Roopam Asthana, CEO and Director of Liberty Videocon said that “Using the thermography technique to assess risk is a great way to provide risk mitigation inputs to our industrial clients. The idea is to avoid accidents and add value for our customers. This will add to our growing Risk Management Practice.”  

Commenting on this development Balaji C, Country Head (Technical & Underwriting) said that “All objects emit thermal energy (heat) in the form of electromagnetic radiation in the IR spectrum. The hotter the object is, the more intense the infrared radiation emitted. By detecting areas of abnormal temperature, IR thermography can diagnose problem areas and their severity especially in electrical installations.” He also added that “Many insurers in India do not have in house capability for this technique; hence, this capability positions Liberty Videocon as one of the prominent General Insurance players with this competence.”

Infrared thermographic imaging risk assessment is potentially the single most important preventive measure for untimely shutdown of electrical distribution equipment and primary mechanical systems. These shutdowns often result in loss of production, higher operating costs, and loss of profits.

Liberty Videocon General Insurance provides this service to its Institutional clients, which helps in diagnosing problem areas and determining their severity. This aids in identifying the problem areas which results in

·         Prevention of emergency maintenance
·         Fewer business interruptions from equipment downtime
·         Improved overall productivity and profitability