Why AXIS?

Navigating risks with global specialists in renewable energy insurance

Global team

Our global team provides tailored, comprehensive coverage and protection for renewable energy projects worldwide, specializing in solar, on and offshore wind, battery storage and other renewable energy technologies.

Full-service approach

Projects are assessed by AXIS dedicated underwriters and risk engineers to understand the risk from all angles - helping you and your customers make informed decisions about risk mitigation and insurance coverage.

In-house claims

When customers need us most, we’re there with a responsive and transparent claims service.

Sharing knowledge

You and your customers can benefit from AXIS renewable energy insights and knowledge from engineering best practice to mitigate risks and performance improvement and market dynamics.

Report: Navigating Risk in the Energy Transition

The energy transition is among the biggest challenges of our day. Read our in-depth report on the energy transition.

Read report

AXIS in partnership with FT Live

Managing Risk For Energy Transition Projects

Learn how collaboration between developers, lenders, investors and insurance partners is key to supporting customers to deliver renewable energy projects with lifetime resilience in this Financial Times “FT Live” webinar.

Watch on-demand to hear energy industry experts plus AXIS President and CEO, Vince Tizzio and Richard Carroll, Head of Global Energy Resilience discuss:

Contrasting Perspectives

Understanding the contrasting risk perspective of developers, lenders, and insurers

Insurance Implications

Navigating the insurance implications of new technologies, larger project scales, and untested locations

Leveraging Data

How insurers leverage their cross-project data to advise on emerging risks and best practices

Capacity

  • $250m company paper
  • $100m AXIS Syndicate 1686 and AXIS Energy Transition Syndicate 2050 
  • $25m Casualty – any single project or location 

Renewable Energy

Technologies

Technologies

Wind

Read more

Technologies

Solar

Read more

Technologies

Battery Energy Storage

Read more

SOLUTIONS

Specialty solutions tailored to your customers’ needs

AXIS Renewables provides innovation, expertise, and solutions across all stages of the project lifecycle

SOLUTION

Transportation

  • Inland transit insurance for physical loss or damage, theft, and external perils
  • Marine insurance for physical loss, damage, theft, or external perils. Includes marine delay in start-up (MDSU) and loss of revenue due

SOLUTION

Installation

  • Construction all risks insurance (CAR) for physical damage, theft, external peril. Includes delay in start-up (DSU), covering any loss of revenue due to project delays
  • Contingent delay in start-up for delays caused by issues with the first non-owned substation
  • Testing and commissioning insurance for any physical loss or damage to insured equipment
  • Terrorism cover for physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act

SOLUTION

Operation

  • Operation all risks insurance (OAR) covers physical damage including mechanical and electrical breakdown, external perils including business interruption (BI) and loss of income
  • Contingent business interruption covers the loss of income when the first non-owned substation is damaged, and the project is unable to export/sell electricity to the offtaker
  • Liability insurance covers third-party property damage, products liability, and sudden and accidental pollution
  • Terrorism covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act

SOLUTION

Decommission

  • Decommissioning liability for the eventual deconstruction of the project and returning the site to its natural state

SOLUTION

Transportation

SOLUTION

Installation

SOLUTION

Operation

  • Inland transit insurance for physical loss or damage, theft, and external perils
  • Marine insurance for physical loss, damage, theft, or external perils. Includes marine delay in start-up (MDSU) and loss of revenue due
  • Construction all risks insurance (CAR) for physical damage, theft, external peril. Includes delay in start-up (DSU), covering any loss of revenue due to project delays
  • Contingent delay in start-up for delays caused by issues with the first non-owned substation
  • Testing and commissioning insurance for any physical loss or damage to insured equipment
  • Terrorism cover for physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act
  • Operation all risks insurance (OAR) covers physical damage including mechanical and electrical breakdown, external perils including business interruption (BI) and loss of income
  • Contingent business interruption covers the loss of income when the first non-owned substation is damaged, and the project is unable to export/sell electricity to the offtaker
  • Liability insurance covers third-party property damage, products liability, and sudden and accidental pollution
  • Terrorism covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act

SOLUTION

Decommission

  • Decommissioning liability for the eventual deconstruction of the project and returning the site to its natural state

Renewable Energy

AXIS Explores

AXIS Explores

Typical Causes of Downtime for Offshore Wind Turbines

Read report

AXIS Explores

Failures, Defects and Damage: Ground Mount Solar

Read report

AXIS Explores

Failures, Defects and Damage: Onshore Wind

Read report

AXIS Explores

Failures, Defects and Damage: Battery Energy Storage Systems

Read report

Renewable Energy

AXIS View

AXIS View

Joe Dutton on realism, resilience, and the cost of offshore wind energy

Read article

AXIS View

Jamie Fleming on offshore wind

Read article

AXIS View

Richard Carroll on the renewables risk landscape

Read interview

AXIS View

Joe Dutton on the risk and reward of increasing renewable energy capacity in the UK

Read article

AXIS View

Peter Fitzsimmons on how renewable energy insurance is reacting to an inflationary environment

Read article

Claims

We deliver on our promises

Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:

  • Quick decision making
  • Championing your needs
  • An honest approach

Learn more about claims

Play Video

AXIS Claims

Watch video

Customers claims stories

Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.

Related

What’s happening at AXIS

Related news and updates across the organization

AXIS Financial Strength

Find out more about our financials and ratings.

Learn more

News and events

Here’s the latest on AXIS – people, solutions, and insights

Read news

Find your future at AXIS

We are a global insurer and reinsurer tackling unique challenges. At the heart of it all? Our people. As unique as the risks we face.

Join our team