As the energy & renewables markets rapidly evolve, climate risks carry significant impacts for energy production & threaten infrastructure.
Off-shore or on-land, natural hazard coverage for the renewable energy sector has proven to be a challenge for traditional insurance. A lack of historical claims data makes this challenge particularly acute, as is often the case for renewables or other previously considered uninsurable perils.
Descartes collaborates with brokers around the world to offer innovative covers against energy yield volatility, business interruption and natural catastrophe damage for energy providers, developers, & financers. Beyond yield products, we offer parametric insurance against a range of Nat Cat exposures, including hail damage, cyclone, and non-damage business interruption. Click the download link below to read our latest paper on parametric insurance solutions for the renewable energy industry.