1. Economical quality.
The part of the amounts that cannot be covered by the own retention, is reinsured to foreign nuclear insurance Pools. The insurance companies, members of these Pools, are subject to the same rules than the ones in practice within the Belgian Pool, namely : cover in own retention and solidarity.
As well the internal organisation as the external organisation make that the insurance of the risk is distributed on an absolutely reliable way, throughout the world and among a high number of companies. These companies commit themselves with their own retention and are bound, by Pool, by a solidarity clause.
A better economical quality of the cover supplied is hardly conceivable.
2. Technical quality.
The competence and the valuable experience of the technical committees' members are undeniable. Besides, they can, if necessary, rely on the advice of a lot of high-qualified collaborators working in their respective insurance companies.
On the international level, the nuclear insurance Pools rely on the advice supplied by a committee of engineers. These ones come from different nuclear insurance Pools and are famous for their highly specialised training in the nuclear risks field.
3. Claims handling quality.
The accident of Fukushima has demonstrated that in case of a major nuclear accident, we have to take into account a very high number of requests for compensation.
Conscious of this fact, the Managing Committee of SYBAN has taken the necessary measures to work out a procedure to handle a very high number of requests for compensation, in case of need. The material means needed for the application of this procedure have already been settled.
On SYBAN level, a database has been created where every request can be first registered and then be distributed among the insurance companies members with a view to the claims handling.
The registration forms are at disposal on the website and can be forwarded by every existing communication means.
The fact to call upon the staff of the insurance companies members allows to implement very quickly a large number of claim handling managers to deal with the requests for compensation.
The collaboration rules with other nuclear insurance Pools foresee that in case of accident, each Pool can offer its services to the Pool in the country where the accident has occurred.
This also allows that the victims from the concerned neighbouring countries can easily introduce requests for compensation.