Affordable insurance solutions are a prerequisite to attracting sufficient investment in climate technologies and deploying them widely. Assessing and mitigating the risks involved in projects are, in turn, key to developing such solutions.
The Geneva Association's two-part research series explores how insurers can help facilitate the commercialisation of climate tech. The first report examines the climate tech commercialisation landscape and presents perspectives of C-level insurance executives on what the industry can offer in this space. It finds that engaging re/insurers from the very early stages of climate tech projects is critical.
The second report focuses on how the insurability of climate technologies can be enhanced. It presents a novel ‘Insurability Readiness Framework’ that can be used to pinpoint the areas within climate technologies that pose the greatest challenges to insurability. The framework is applied to two technologies – green hydrogen and carbon management – to demonstrate its use.
