Why AXIS?

Navigating risks with global specialists in renewable energy insurance

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AXIS Renewable Energy

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Specialty Solutions, Elevated

Renewable Energy

Why AXIS?

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.

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

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Technologies

Solar

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Technologies

Battery Energy Storage

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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

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AXIS Explores

Failures, Defects and Damage: Ground Mount Solar

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AXIS Explores

Failures, Defects and Damage: Onshore Wind

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AXIS Explores

Failures, Defects and Damage: Battery Energy Storage Systems

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Renewable Energy

AXIS View

AXIS View

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

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AXIS View

Jamie Fleming on offshore wind

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AXIS View

Richard Carroll on the renewables risk landscape

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AXIS View

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

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AXIS View

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

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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

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AXIS Claims

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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

2022 Annual Report

2022 was a milestone year for AXIS – learn more about our journey.

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News and events

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

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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.

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