What is the product?

The Munich RE technology performance insurance for bioenergy and circular economy projects transfers the technology performance risk of bioenergy and circular economy projects from investors, developers and lenders to the insurer.

The coverage provides revenue protection in case of technology performance issues during plant start-up and long-term operations. The insurance is triggered by incorrect design, engineering, or plant operations that result in lower than intended feedstock conversion, product yield, and/or plant uptime, increased maintenance, off-spec product, or reduced product output.

The insurance covers investor and lender repayment obligations, operating costs, and fixed costs of the facility and also pays for necessary repairs, modifications, or replacement of process equipment that is underperforming due to design or engineering issues.

How does it support green outcomes?

With our long-term technology performance insurance, Munich RE1 facilitates the deployment of innovative and sustainable technologies and processes which support the decarbonisation and the implementation of a circular economy.

How does it enable customers today?

In a co-creation process with the client, Munich RE1 develops a technology risk transfer solution specific to the needs of all project stakeholders.

Customized and flexible insurance is intended to enable the investment and financing of innovative, first-of-its-kind technologies and processes.