Tailored engineering & energy insurance solutions across all project phases, from erection to operational period, providing cover against Physical Damages, Machinery and Electrical Breakdown, Operational All Risks, CMI , Third Party / Contractual / Product / Pollution Liability, Terrorism & Political Violence, Financial Risks (Business Interruption, Advanced Loss of Profit (ALOP), Delay in Start-Up, CAR/EAR.
Energy Insurance Coverage for;
Renewable Energy: Wind Farms, Hydroelectric Power Plants, Solar Power Plants, Biomass, Geothermal Power Plants
Thermal Energy: Natural Gas Combined Cycle Power Plants, Coal Fired Power Plants, Co-generation Power Plants
Electrical Transmission and Distribution Systems
Oil & Gas: Upstream, Midstream, Downstream, Pipelines, Refineries, On/Offshore Facilities
Parametric Wind Protection is a contract to financially protect physical wind power generation against natural fluctuations. After having adjusted for non-generation due to outages and grid congestions, the cover provides a financial floor on an agreed level of power produced by a wind generator.
Parametric insurance is a type of insurance that does not indemnify the pure loss, but ex ante agrees to make a payment upon the occurrence of a triggering event. The triggering event is often a catastrophic natural event which may ordinarily precipitate a loss or a series of losses. But parametric insurance principles are also applied to Agricultural crop insurance and other normal risks not of the nature of disaster, if the outcome of the risk is correlated to a parameter or an index of parameters.
Parametric Energy Insurance Coverages: Lack of Wind / Wind Volatility, Lack of Sun, Lack of Water