In Japan and Asian countries, renewable energy sources (land/off-shore wind power, solar power, hydroelectric power, biomass-generated power, geothermal electric power generation) are receiving a lot of attention as the potential main energy sources of the future.
In order for renewable energy to become a lasting and sustainable power source that subsequent generations can benefit from, it is more important than ever before to have insurance that understands rapidly advancing technology, that can cope with a natural world that is often unpredictable, and that can guarantee the profits of investors and entrepreneurs.
We offer an estimated maximum loss calculation service and make logical risk retention and transfer proposals that take an analysis of financial resources into account.
We invite wind power generation experts to perform on-site surveys, and based on these we provide an evaluation of the O&M situation and an advisory report to help reduce incidents.
We check the coverage details requested by lenders and negotiate with lenders on the content of insurance.
Based on the above, we provide a full range of support at all stages of the process, from the provision of appropriate coverage to incident response all the way to the receipt of insurance payouts.
Verification of response to individual incidents
Verification of risk accumulation for a hypothetical wide-area disaster
Wind-related disasters/Snow-related disasters/Water-related disasters/Earthquakes/Tsunamis/Volcanic eruptions
|Estimated scope of disaster||
Recognition of estimated loss for every period of recurrence (from 10 years to over 100 years)
PML (Probable Maximum Loss) < EML (Estimated Maximum Loss) < MFL (Maximum Foreseeable Loss)
|Visualization of amount of risk||
Visualization of amount of risk through risk survey
Planning of measures to reduce estimated amount of risk
|Business revenue risk||Actualization of property risk||Reduction in sales/reduction in profit/cost increases due to repair work|
|Client risk||Stoppage of operations due to problems with the electricity vendor's system/transformer substation|
|Partner risk||Inability to enforce manufacturer warranty/defect warranty|
|Design/production period||Transportation period||Construction period||Warranty period|
|Damage to construction works
Including raw materials for construction
|Marine cargo insurance / transportation insurance||All-risk building insurance||All-risk building insurance
|Damage to construction machinery||Marine cargo insurance
|All-risk building insurance/comprehensive property insurance|
|Reduction in profit caused by delays in operation||Operation start delay insurance|
|Construction work done due to a design error
Damage to structures
|Professional liability insurance|
|Third-party liability insurance||Independent contractor
|Product liability insurance|
|Work-related disasters affecting employees or construction workers||Workers' compensation insurance|
|Consumer liability insurance|
|Comprehensive overseas travel insurance|
|Automobile operation risk||Automobile insurance|
What is a marine warranty survey?
What marine warranty surveys involve
The arranging of insurance for off-shore wind power generation projects is something quite new in Japan. Please feel free to consult us about arranging marine warranty surveys and about arranging insurance in Europe and America.