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Power & Utilities: Mastering the energy transition
© [M] Munich Re [P1] Bruno Tornielli / Getty Images [P2] Thitikarn Paothongthai / @TKstudio / Getty Images

Power & Utilities: Mastering the energy transition

Tailored commercial insurance solutions for complex and large-scale risks

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    Stay ahead of emerging risks and evolving technologies in the power and utilities industry with tailored insurance solutions from a trusted long-term partner.

    In today's world, where demand for electricity is constantly increasing, power plants and utilities are the backbone of societies and economies. As this industry faces a highly complex risk environment driven by new technologies, decarbonization, and regulatory requirements (e.g. environmental), having reliable partners in the power sector is crucial. Moreover, the increased power demand due to AI and other digital technologies adds another layer of complexity to the industry's risk landscape.

    Munich Re F&C offers specialized coverage for traditional and non-traditional, proportional and non-proportional insurance with technical solutions for contractors and operators of power plants and electrical networks. From the construction to the operational phase, be it for single or multiple locations, our experts provide innovative, high-performance risk transfer solutions for even the most complex and challenging risk scenarios posed by power and electrical networks operators, be that conventional, nuclear or renewable energy.

    Industries we serve
    Our offering
    Services
    • Power plants
    • Low-carbon power generation using natural gas/hydrogen
    • Renewable energy (wind on- and offshore, solar, hydro, geothermal)
    • Nuclear power
    • Transmission and distribution / grid infrastructure (on- and offshore) 
    • Battery energy storage systems
    • Equipment manufacturers (OEM) and contractors (EPC)
    • All-risks operational property damage and business interruption including NatCat
    • Construction/erection/builders risk all-risk (including ALoP/DSU)
    • Multi-line structures
    • Risk management/assessment 
    • On-site inspection
    • NatCat assessment  
    • Claims management
    • Engineering seminars/workshops

    Why choose Munich Re

    Trusted expertise

    Managing and mitigating risk

    Financial strength

    We understand the complexity of the changing risk environment due to new technologies, such as AI, and regulatory requirements. Particularly regarding the energy transition, it is essential to have a partner at your side who has been familiar with complex new technologies and risks for many years.
    Our in-house and external risk engineering specialists complement your risk management efforts, leveraging advanced natural catastrophe modeling and risk assessment techniques to identify and mitigate potential risks. By integrating lessons learned from claims into our risk management approach, we help you optimize your risk strategies and ensure a smooth operation of your plant and support you in the energy transition. Our team of experts in risk engineering, underwriting, and claims works together to provide comprehensive insurance solutions tailored to your needs.
    Our financial strength is highly rated by the industry’s leading rating agencies: A.M Best A+ (superior), Fitch AA (very strong) and S&P Global Ratings AA- (very strong). We have a total net capacity up to 250 million USD/EUR – offering comprehensive protection.
    Clemens Zipper, Chief Underwriting Officer Energy & Construction
    Munich Re F&C supports power and utility partners with complex risks and evolving technologies from construction to operation.
    Clemens Zipper
    Chief Underwriting Officer Energy & Construction

    Get in touch

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    Contact our expert

    Bernhard Müller
    Bernhard Müller
    Underwriting Manager Power & Utilities, Operational & Construction
    Munich Re Facultative & Corporate
    Munich Re Engineering Team Lead Doug Akerson
    Doug Akerson
    Underwriting Manager, New York, Operational Power & Construction
    Munich Re Facultative & Corporate
    David Thompson
    David Thompson
    Underwriting Manager, London, Operational Power & Construction
    Munich Re Facultative & Corporate
    Stewart Derek
    Derek Stewart
    Underwriting Manager, Toronto
    Canadian domiciled risks placed through Canadian brokers
    Carlos Leon
    Carlos Leon
    Underwriting Manager Property/Engineering, Bogota
    Tim Tse
    Tim Tse
    Head of Facultative & Corporate SEA, Singapore

    About Munich Re F&C: Leveraged expertise for individual and portfolio risks

    Munich Re F&C offers facultative reinsurance and corporate insurance solutions for large companies. With our collaborative approach and deep knowledge across all industries, our clients benefit from our risk assessment expertise, customized products and financial stability. Our client focus is rooted in our commitment to fostering partnerships for the long-term. With our traditional and our innovative risk transfer solutions, we support you around the globe across all lines of business.

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