Insurance products

• The sale of carbon credits enables clean development mechanism (CDM) project owners to (pre-)finance renewable energy projects.
  
  
• Financial viability depends on long-term delivery and payment obligations.
  
  
• Default in payment obligations by the foreign buyer of carbon credits could jeopardise the project's viability.
  
  
• Multi-year carbon counterparty credit insurance could protect carbon credit sellers against risks such as:
  
  • Insolvency
  • Non-payment
  • Country risks

• Renewable energy projects can be protected by policy covers such as erection all risks (EAR), delay in start-up (DSU), business interruption (BI).
  
  
• A combined product such as carbon all risks insurance will protect the project owner and the lenders and investors against physical damage during the life cycle of projects.
  

Carbon credit sellers

• The sale of carbon credits enables clean development mechanism (CDM) project owners to (pre-)finance renewable energy projects.
  
  
• KMR protects against interruptions to operations which would badly affect the project's financial viability or cessation.
  
  
• KMR is a multi-year and multi-risk policy.
  
  
• Owners/financiers of clean development mechanism (CDM) projects can be protected against:
  
• Clean development mechanism (CDM) registration costs
• Erection all risks (EAR) and delay in start-up (DSU)
• Property all risks, machinery breakdown and business interruption (BI)
• Specified insolvency and technical performance risks
• Weather risks
• Loss of carbon credits caused by these risks
• Other risks associated with their projects
  
  
• Specially structured solutions are possible depending on circumstances.
  

Carbon credit buyers

• For carbon emitters in the EU, delivery of carbon credits is vital to meet carbon emission limits.
  
  
• KMR is a multi-year and multi-risk policy.
  
  
• Buyers can protect themselves against carbon credit non-delivery caused by:
  
• The same risks as for carbon credit sellers
• Political risks

• Lack-of-sun insurance provides cover for lost revenues if the radiation of the sun and thus energy production falls below a certain minimum value.
  
  
• Wind insurance provides cover for lost revenues if a lull or storm prevents turbines from generating energy.
  

• Marine transit covers loss of and/or damage to goods while in transit.
  
  
• Marine delay in start-up covers consequential losses to revenue caused through delays in completion following transit losses.
  

• Full contract works cover including civil works and property damage during construction.
  
  
• Advance loss of profit cover for consequential losses to revenue due to delays in completion following property losses.
  
  
• Pre-commissioning inspections
  
  
• Commercial general liability
  

• Our solution covers property all risks and machinery breakdown.
  
  
• Business interruption cover is provided for periods of operational downtime triggered by the occurence of a physical damage.
  
  
• Commercial general liability