What is the product?

Munich RE’s hydrogen performance and product warranty insurance provides coverage for electrolyser and fuel cell systems. It protects against excessive costs for repair and replacements due to component failure or unexpected performance degradation, and potentially also the insolvency of a key component or system supplier.

It is aimed at players all along the value chain: component suppliers, manufacturers and integrators, as well as owners and investors of such systems.

How does it support green outcomes?

Hydrogen is going to become a keystone for the energy transition and the decarbonisation of many industries and the transportation sector.

By providing protection for the performance of these complex and rapidly advancing technologies, we enable suppliers and manufacturers in providing reliable, comprehensive and long-term warranties for their products and help them, their customers and investors into hydrogen projects to manage their technology and warranty risks.

How does it enable customers today?

Munich RE1 provides an insurance backstop to the product and performance warranty of major fuel cell and electrolyser manufacturers.

Coverage provided by Munich RE aims to ensure the bankability and efficient financing of hydrogen projects and improve the attractiveness for investors.