MSIG Asia and the RiskPoint Group are joining forces to meet the growing demand for renewable energy insurance in the Asia Pacific region. This strategic partnership will leverage Singapore's position as an insurance hub to offer specialized coverage for a range of renewable energy projects.
MSIG Asia and the RiskPoint Group have announced a strategic partnership to enhance renewable energy insurance offerings across the Asia Pacific region. The collaboration, announced on January 24, 2025, aims to combine the strengths of both companies to meet the increasing demand for specialized insurance solutions in the rapidly growing renewable energy sector.
RiskPoint has received approval from the Monetary Authority of Singapore (MAS) to be appointed as MSIG Singapore’s Managing General Underwriter (MGU). This partnership aims to leverage Singapore’s status as a regional insurance hub to offer coverage for renewable energy projects throughout the Asia Pacific region. MSIG and RiskPoint’s partnership combines MSIG’s regional distribution network and financial strength with RiskPoint’s technical expertise. Together, they aim to offer tailored insurance solutions for the construction and operation of solar, wind, and hydroelectric assets, catering to the specific needs of this dynamic industry.\The partnership will focus on providing comprehensive insurance coverage for a wide range of renewable energy projects, including utility-scale solar and wind farms, hydroelectric power plants, and distributed generation systems. The insurance solutions will address the unique risks associated with these projects, such as equipment failure, natural disasters, and operational disruptions. By offering specialized coverage and risk management expertise, MSIG and RiskPoint aim to facilitate the growth and development of the renewable energy sector in the Asia Pacific region.\This collaboration is a testament to both companies’ commitment to supporting the transition to a sustainable future. MSIG Asia has a long history of underwriting innovative insurance solutions, and RiskPoint Group is recognized for its deep understanding of the renewable energy market. Their combined expertise and resources will enable them to provide effective and reliable insurance protection for renewable energy projects, helping to accelerate the adoption of clean energy technologies across the region
RENEWABLE ENERGY INSURANCE PARTNERSHIP ASIA PACIFIC SINGAPORE
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