As the energy and renewables markets rapidly evolve, climate risks carry significant impacts for energy production and threaten infrastructure. Both offshore and on-land energy projects face a variety of risks throughout their life cycle, spanning from extreme natural disasters to everyday volatility in energy output. With greater global adoption of renewable energy to meet stringent carbon emission targets, innovative insurance solutions are essential to protect profit margins and mitigate the financial risks faced by renewable energy producers and investors.
Descartes’ parametric insurance solutions offer comprehensive protection for renewable energy projects against a full spectrum of weather-related risks.
Our solutions are designed for all stakeholders in the renewable energy sector, including owners, developers, investors, lenders, and buyers of renewable energy. By covering both tangible and intangible losses resulting from weather risks, such as tropical cyclone, hail, and lack of rainfall, we help safeguard balance sheets. Employing a data-driven, straightforward index-based approach, our parametric insurance ensures rapid payment upon the occurrence of predefined events, without the need for on-site claims adjusting. This empowers clients with the financial reliability and confidence needed to advance the green energy transition.
Our case studies are all over the world
Utilizing Machine Learning and real-time monitoring from satellite imagery & IoT, our state-of-the-art technology helps businesses bounce back faster against climate, cyber and other emerging risks.
Our success story
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