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Coverage for the power and utilities industry

We adapt and combine engineering insurance covers to offer tailor-made solutions for complex risks

In a world with constant increasing electricity demand Power Plants and Utilities form the backbone of societies and economies.
The constant developments in technology, material and building practices, along with the challenges that come with the scaling of energy projects involving higher outputs, calls for an experienced partner on the insurance side.
power & utitlities
© Munich Re

 

Munich Re adapts and combines technical expert knowledge with insurance covers to provide tailor-made engineering coverage for power plant owners, operators, contractors and investors

  • Traditional and non-traditional
  • proportional and non-proportional
  • Under construction or operational 
  • Single and Multi-Location

Apart from this our experts offer innovative, high-performance risk-transfer and special financial cover solutions for medium-sized and large risks for the most complex and demanding risks scenarios.

Type of Power plants and Utilities we serve 

  • Combined Cycle Power, 
  • Gas – and Thermal Power, 
  • Renewable Energies  
  • such as Solar CSP / PV and Wind Parks, On- and Offshore 
  • Hydro Power,  
  • Transmission and Distribution Networks,  
  • Waste to Energy  
  • Etc. 

Munich Re Facultative & Corporate offers Insurance solutions that address new risks and evolving technology in the power and utilities industry

Our offering

We provide propotional and non-proportional insurance covers for ownes, operators and contractors of power plants and utilities 

Coverages

  • Construction and Erection All Risk 
  • Delay in start-up insurance 
  • Liability 
  • Operational All Risk, incl. Business Interruption 
  • Parametric Cover solutions 
  • Multi-Line of Business structures

Services 

  • Risk management and risk assessment 
  • Technical information and up-to-date knowledge transfer 
  • Claims management
  • Engineering seminars / workshops 
  • On-site inspection
  • NatCat Assessment  

5 reasons why you should talk to us

Work with an insurer who understands the requirements of companies in the energy sector. 

We always look for solutions and offer services that go beyond the traditional lines of insurance. Our strategy is to combine broker-driven and direct engineering insurance business activities with a focus on operational covers for the power and utilities industry. We can also support you during construction with on-site inspections.

We offer comprehensive insurance solutions worldwide and support multinational insurance programmes in collaboration with our international network of offices and partners. We have knowledgeable staff worldwide, with local employees to provide you with an individual service.

Get a comprehensive overview of your engineering projects, based on our experience.

All the people responsible for planning and construction are involved in the process from the beginning of the lab phase. Since using this database-based technology, all the project partners work together in the lab, so the interface problems that have been usual up to now are eliminated.

We will also stick with you when times get tough.

Our approach is backed by outstanding financial capacity and demonstrated excellence. We retain our lines net and have low employee turnover.

Learn more about our innovative risk management services.

We accompany your risk management and help you achieve your business goals with support from in-house and external risk engineers.

Allow us to support you in difficult claims settlements.

Our underwriters remain in charge of their account and are part of any potential claims settlements. We accompany your risk management and help you achieve your business goals with support from in-house and external risk engineers.

In a world with constant increasing electricity demand Power Plants and Utilities form the backbone of societies and economies.

Contact our expert
Robert Abt
Robert Abt
Underwiting Manager Power & Utilities
Adrian Guerrero Heredia
Adrian Guerrero Heredia
Senior Underwriter
Swen Vetters
Swen Vetters
Senior Underwriter
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